On 28 December, Tau SA enters into a regular way purchase of bonds whose fair value at the trade date is 480,000. Settlement and delivery take place on 3 January, when the fair value of the bonds is 483,500. Calculate the change in fair value between the trade date and the settlement date. The accounting treatment of this change is not asked.
- Fair value at the trade date
- 480,000
- Fair value at the settlement date
- 483,500