NO.PZ2023040501000005
问题如下：
Information about Confabulated’s investment portfolio for the years ended 31 December 2017 and 2018 is presented in Exhibit 1. As part of his research, Howard is considering the possible effect on reported income of Confabulated’s accounting classification for fixed income investments.
*All securities were acquired at par value.
Confabulated’s reported interest income would be lower if the cost was the same but the par value (in € thousands) of:
选项：
A.Bugle was €28,000.
Cathay was €37,000.
Dumas was €55,000.
解释：
The difference between historical cost and par value must be amortized under the effective interest method. If the par value is less than the initial cost (stated interest rate is greater than the effective rate), the interest income would be lower than the interest received because of amortization of the premium.
stated interest rate 是否就是coupon rate ？ the effective rate是否就是市场实际的利率，就是折现到利率？
