Below is a histogram of annual college costs including tuition and fees. The appearance of a histogram can change substantially depending on the number of bins used to create it. Too many bins (narrow bin width) or too few bins (wide bin width) can obscure the overall pattern of the distribution. Use the slider to change the number of bins and observe how the histogram changes.

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?