$15$

Neola Company purchased Bond B for $$6,000,000.$ The bond investment was considered to be a long$-$term buy$-$and$-$hold investment. Later in the year, Neola Company's chief financial officer $($CFO$)$ decided that the management of this bond investment should be transferred from the buy$-$and$-$hold investment group to the company bond investors who look to make investment profits on daily security price fluctuations.

Based on this change in the business purpose of this bond investment, how should the investment now be classified for accounting purposes?

$$ Held$-$to$-$maturity securities

Trading securities

Equity method securities

Available$-$for$-$sale securities