Question 26 2.5 pts On July 1, 2017, Jason Company purchased $60,000 of ten-year, 6%...
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Question 26 2.5 pts On July 1, 2017, Jason Company purchased $60,000 of ten-year, 6% bonds of Santo, Inc. for $51,850, to be held-to-maturity. Interest is payable semiannually on June 30 and December 31. The effective yield on the investment is 8%. What amount of interest income should Jason record for the six-month period ended December 31, 2017? O $2,063.04 $2,084.96 O $2,400.00 O $2.074.00 Question 27 2.5 pts On January 1, 2017, Old World Company purchased $300,000 of ten-year 10% bonds of New Company for $340,260. Interest is payable annually. The effective yield on the investment is 8%. What is the balance in Old World's investment in held-to-maturity debt securities account (rounded to the nearest dollar) at December 31, 2018 (end of the second year)? $343,039 h O $334,480 O $360,260 O $337,481
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