Corporations in the U. S., as compared to other countries, tend to: Group of answer choices have a median leverage ratio that's equal to the average international median leverage ratio. underutilize debt. rely less on equity financing than they should. have extremely high debt-equity ratios. have relatively high leverage ratios due to the tax benefits gained.

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?