When an investment in a held$-$to$-$maturity security is transferred to an available$-$for$-$sale security, the carrying value assigned to the available$-$for$-$sale security should be

Group of answer choices

The higher of its original cost or its market value at the date of the transfer.

Its market value at the date of the transfer.

The lower of its original cost or its market value at the date of the transfer.

Its original cost.