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On January 1 , 2 0 2 5 , Oriole Company purchased 8 % bonds having a maturity value of $ 4 4 0 ,

On January 1,2025, Oriole Company purchased 8% bonds having a maturity value of $440,000 for $477,069.47. The bonds provide the bondholders with a 6% yield. They are dated January 1,2025, and mature January 1,2030, with interest received on January 1 of each year. Oriole Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity category.
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