On January 1, 2019, a company's balance sheet reports its investments in debt securities as follows: Assets Investment in HTM securities. $207,544 Supporting information: The HTM securities are $200,000 face value securities purchased on January 1, 2017, at a yield of 4%. The securities have a 4-year total life and pay interest annually on December 31, at a coupon rate of 6%.

Investment in HTM securities reported on the December 31, 2019 balance sheet is:

a. $203,846

b. $204,938

c. $207,544

d. $207,997

Answer rating: 100% (QA)

C 207544 Explanation The price of the HTM securities as on ... View the full answer