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Business, 14.12.2021 20:30 pagezbills18

On 1 January 2020, BSS Limited ("BSS") purchased a three-year interest-bearing note issued by a financial institution, with a face value of $100,000, due on 1 January 2023. This note bears an annual interest at 5% payable on each 1 January, starting from 1 January 2021. The market rate of interest for a note of similar risk is 8%. Cash equal to the present value of this note was paid by BSS on the purchase date. BSS has a financial year ended 31 December.

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On 1 January 2020, BSS Limited ("BSS") purchased a three-year interest-bearing note issued by a fina...
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