Question $2$

$5pts$

Firm ZYX paid $$106,418$ on $\frac{1}{1}\frac{?}{?}11$ to purchase a bond with the following terms:

Par value $-$ $$100,000$

Stated Interest $-10\%$

Market Interest $-9\%$

Payments $-$ Annually

Maturity $-1/1/$y$11$

Required: What will be the reported value of the bond on $\frac{12}{31}\frac{?}{y1},$ when the market value was $$104,256,$ if the bond is classified as a Held to Maturity investment?