On January 1, 2017, Old World Company Purchased $300,000 of Ten-Year

On January 1, 2017, Old World Company purchased $300,000 of ten-year 10% bonds of New Company for $340,260. Interest is payable annually. The effective yield on the investment is 8%. What is the balance in Old World's investment in held-to-maturity debt securities account rounded to the nearest dollar, if necessary) at December 31, 2018?

A) $343,039
B) $360,260
C) $337,481
D) $334,480