A company that manufactures general-purpose transducers invested P2 million 4 years ago in high-yield junk bonds. If the bonds are now worth P2.8 million, what rate of return per year did the company make on the basis of simple interest.

A company that manufactures general-purpose transducers invested P2 million 4 years ago in high-yield junk bonds. If the bonds are now worth P2.8 million, what rate of return per year did the company make on the basis of simple interest.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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