A U.S. company acquired a 4-year $1,000,000 face value corporate bond on January 1, 2019. The bond pays 3% annually on December 31, and matures December 31, 2022. Round all answers to the nearest dollar.
Required a. Assume the investment yields 4%. How much did the company pay for the bond?
b. Assume the company categorizes the bond as a held-to-maturity investment. Calculate interest revenue for 2021 (the third year).

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The Answer of A U.S. company acquired a 4-year $1,000,000 face value corporate bond on January 1, 2019. The bond pays 3% annually on December 31, and matures December 31, 2022. Round all answers to the nearest dollar.
Required a. Assume the investment yields 4%. How much did the company pay for the bond?
b. Assume the company categorizes the bond as a held-to-maturity investment. Calculate interest revenue for 2021 (the third year).

A US Company Acquired a 4-Year $1,000,000 Face Value Corporate Bond