An Investor Purchased Bonds and Intends to Hold Them Until

Multiple Choice

An investor purchased bonds and intends to hold them until the maturity date which is 10 years into the future. The bonds were purchased at a discount. One year after purchase, this Held-to-Maturity Investment in Bonds will be reported at ________ on the balance sheet.

A) fair value
B) historical cost
C) lower of cost or market
D) amortized cost