What is the approximate carrying value of the bond

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Question - On January 1, 2023, an 8% $100,000 bond that matures in 5 years and pays interest semi- annually on January 1 and July 1 is purchased for $92,278 to yield 10%. It is classified as held- to-maturity. What is the approximate carrying value of the bond on January 1, 2024?

Reference no: EM133053236

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