nwalker916
01.08.2019 •
Business
Nichols enterprises has an investment in 26,000 bonds of elliott electronics that nichols accounts for as a security available for sale. elliott bonds are publicly traded, and the wall street journal quotes a price for those bonds of $14 per bond, but nichols believes the market has not appreciated the full value of the elliott bonds and that a more accurate price is $24 per bond. nichols should carry the elliott investment on its balance sheet at:
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