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Business, 21.09.2019 03:30 lyn94

Nichols enterprises has an investment in 250 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 $1,000 per bond, but nichols believes the market has not appreciated the full value of the elliott bonds and that a more accurate price is $1,200 per bond. nichols should carry the elliott investment on its balance sheet at:

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