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On January 1st, 2023, Mars Inc. buys a zero-coupon bond with a face value of $100,000, which is due in 2 years (due Dec 31st,

On January 1st, 2023, Mars Inc. buys a zero-coupon bond with a face value of $100,000, which is due in 2 years (due Dec 31st, 2024) with an interest rate of 10%. It records the bond as a Held-to-Maturity investment (HTM). What will be the amortized cost of this bond on December 31st, 2023.

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