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Hi and Lois company purchased a held-to-maturity investment on January 1, 2017, SR 100,000 of the 10%, 5 year bonds of Campco company for SR110,236,

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Hi and Lois company purchased a held-to-maturity investment on January 1, 2017, SR 100,000 of the 10%, 5 year bonds of Campco company for SR110,236, which provides an 8% retum. The bonds pay interest semi-annually. Requirement Calculate the ring value of the band as at 1/7/2011

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