E17-3 (Debt Investments) On January 1, 2015, Roosevelt Company purchased 12% bonds having a matu- rity value of $500,000 for $537,907.40. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2015, and mature January 1, 2020, with interest receivable December 31 of each year. Roosevelt's business model is to hold these bonds to collect contractual cash flows