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Determine the amount of a semi-annual coupon paid for a 3% bond with a face value of PhP80,000 which matures after 15 years? A) PhP 2,400 B PhP 4,800 C) PhP 1,200 D PhP 1,500

Determine the amount of a semi-annual coupon paid for a 3% bond with a face value of PhP80,000 which matures after 15 years? A) PhP 2,400 B PhP 4,800 C) PhP 1,200 D PhP 1,500

FINANCIAL ACCOUNTING
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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Question 14 Determine the amount of a semi-annual coupon paid for a 3% bond with a face value of PhP80,000 which matures after 15 years? A) PhP 2,400 B) PhP 4,800 C) PhP 1,200 D ) PhP 1,500
Transcribed Image Text:Question 14 Determine the amount of a semi-annual coupon paid for a 3% bond with a face value of PhP80,000 which matures after 15 years? A) PhP 2,400 B) PhP 4,800 C) PhP 1,200 D ) PhP 1,500
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