Question: On april 1 st 2 0 2 4 Eagle corp purchased $ 8 0 , 0 0 0 of bobcat inc's 6 % bonds at

On april 1st 2024 Eagle corp purchased $80,000 of bobcat inc's 6% bonds at a purchase price of 96. At the time of purchase, the market rate of interedt was 8%. Eagle corp,whose year end is december 31, expects to hold the bonds until their maturity date five years from the date of the purchase. Interest on the bonds will be paid every april 1 and october 1 until maturity. What is the carrying value (amortized cost) of the bond eagle corp would report on october 1,2024?

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