On January 1, 2013, a company pays $100,000 to purchase 100 Government of Canada bonds that have a maturity date of December 31, 2017, and an interest rate of 5%. At December 31, 2013, the bonds had a quoted price of $1,022 per bond.
Fill in the attached table assuming
a. Intention to trade
b. Intention to hold

Question

Quizplus · Accepted Answer

The Answer of On January 1, 2013, a company pays $100,000 to purchase 100 Government of Canada bonds that have a maturity date of December 31, 2017, and an interest rate of 5%. At December 31, 2013, the bonds had a quoted price of $1,022 per bond.
Fill in the attached table assuming
a. Intention to trade
b. Intention to hold

On January 1, 2013, a Company Pays $100,000 to Purchase