A suit is filed against Urbana Corporation, alleging that the firm committed the offense of monopolization. To determine whether Urbana has monopoly power requires looking atthe company's size alone. business ethics and corporate gamesmanship. production methods and marketing techniques. the relevant geographic market and the relevant product market

On january 1, year 1, purl corp. purchased as a long-term investment $500,000 face amount of shaw, inc.’s 8% bonds for $456,200. the bonds were purchased to yield 10% interest. the bonds mature on january 1, year 6, and pay interest annually on january 1. purl uses the effective interest method of amortization. what amount (rounded to nearest $100) should purl report on its december 31, year 2, balance sheet for these held-to-maturity bonds?