On January 1st, 2023, Mars Inc. buys a zero-coupon bond with a face value of $100,000, which is due in 2 years (due Dec 31st, 2024) with an interest rate of 10%. It records the bond as a Held-to-Maturity investment (HTM). What will be the amortized cost of this bond on December 31st, 2023.

Answer rating: 100% (QA)

The amortized cost of a bond is its initial acquisition cost minus the principal repayments plus the ... View the full answer