Question: 11:04 LTE < Back Assess 2-Assignment... < > Not yet answered Question 27 Marked out of 0.75 Hayat Company purchased $400,000 of 10% bonds of

11:04 LTE < Back Assess 2-Assignment... < > Not yet answered Question 27 Marked out of 0.75 Hayat Company purchased $400,000 of 10% bonds of Lamar Co. on January 1, 2011 by paying $376,100. The bonds mature on January 1, 2021. The interest is payable each July 1 and January 1. The discount of $23,900 provides an effective yield of 12%. Hayat Company holds these bonds for collection. On July 1, 2011, Hayat Company should increase its Debt Investments account by? a. $1,371 b. $1,196 c. $2,566 d. $2,392 Clear my choice

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