Pedro Co purchased a bond investment in Juan Company. The following are the data pertaining to Pedro’s Investments in Debt Security.   Date of purchase: January 1, 2021 Purchase price: P4,200,000 Principal amount: P4,000,000 Cash interest: 5% per annum, payable on December 31 Effective interest: 3.8806% per annum Maturity date: December 31, 2025 Fair value of the bond:    December 31, 2021 P4,894,000  December 31, 2022 P4,560,000 The bond was sold on December 31, 2022 at its fair value.    If the bonds are held for collection of contractual cash flow, what amount is the carrying value of investment in 2024?                          a.   4,000,000                b.    4,043,102           c.   4,084,594   d.   4,200,000

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