On November 1, 2017, Mack Co.purchased a 5-year, 8% bond with a face value of $200,000.The purchase price of $184,556 was consistent with a 10% yield.Interest is payable semi-annually on January 1 and July 1.The bonds mature on January 1, 2019.The amortized cost of the bond on the maturity date is
A) $185,556.
B) $195,000.
C) $200,000.
D) $190,000.
Correct Answer:
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