Question: On January 1 , 2 0 2 3 , Mack Co . purchased a 5 - year, 8 % bond with a face value of

On January 1,2023, Mack Co. purchased a 5-year, 8% bond with a face value of $200,000. The purchase price of $184,556 was consistent with a 10% yield. Interest is payable semi-annually on January 1 and July 1. The bonds mature on January 1,2028. The amortized cost of the bond on the maturity date is

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