When the fair value of an investment in debt securities exceeds its amortized cost, how should each of the following debt securities be reported at the end of the year, given no election of the fair value option?
Debt Securities Classified As
Held-to-Maturity Available-for-Sale
A. Fair value Amortized cost
B. Fair value Fair value
C. Amortized cost Fair value
D. Amortized cost Amortized cost
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