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%.
Required:
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
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