Nature Pure Corporation purchased a 2-year bond at the beginning of 2020, at a price to yield 3%, classified as HTM. The bond has a face value of $1,000,000, coupon rate 4%, interest paid at the end of each year. The bond is not impaired at the end of 2020.
Required
At what value is the bond reported on Nature Pure's balance sheet at the end of 2020? Round to the nearest dollar.

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The Answer of Nature Pure Corporation purchased a 2-year bond at the beginning of 2020, at a price to yield 3%, classified as HTM. The bond has a face value of $1,000,000, coupon rate 4%, interest paid at the end of each year. The bond is not impaired at the end of 2020.
Required
At what value is the bond reported on Nature Pure's balance sheet at the end of 2020? Round to the nearest dollar.

Nature Pure Corporation Purchased a 2-Year Bond at the Beginning