CFA Practice Question

There are 334 practice questions for this study session.

CFA Practice Question

When held-to-maturity securities are sold, the gain (loss) on sale is the difference between the selling price of the securities and their
A. fair value.
B. face value.
C. book value.

User Contributed Comments 3

User Comment
Adkins08 Book value is cost less impairment (loss of value not expected to reverse in future). There is no amortization of equity securities, there is amortization of the discount / premium of debt securities.
dblueroom book value refers to amortized cost
aggabad carrying value (amortization of premium or discount)
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