Investments - Short-Term

3 Months Ended

Jan. 31, 2024

Investments - Short-Term

Investments - Short-Term

Note 5. Investments – Short-Term

The Company began to invest in U.S. Treasury Securities during fiscal year 2023. The U.S. Treasury Securities were classified as held-to-maturity and were recorded at amortized cost. There are no U.S. Treasury Securities outstanding as of January 31, 2024. The amortized cost basis and fair value (based on quoted market prices) as of October 31, 2023 were $103.8 million.  The contractual maturities of investments as of October 31, 2023 were within one year and the weighted average yield to maturity was 5.45%.