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Posted on May 07, 2024

Firm ZYX paid $ 9 4 , 1 1 1 on 1 / 1 / and 1 to purchase a bond with the following terms:

Firm ZYX paid $ $94, 111$ on $1 / 1 /$ and $1$ to purchase a bond with the following terms:

By value $-$ $ $100, 000$

Stated Interest $- 10 %$

Market Interest $- 11 %$

Payments $-$ Annually

Maturity $- 1 / 1 /$ and $11$

Required:
What will be the reported value of the bond on $12 / 31 /$ and $1,$ when the market value was $ $92, 256,$ if the bond is classified as a Held to Maturity investment?

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