Determine the buying price of the bond.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Problem 1. Mala Inse Corporation is contemplating to buy P2,000,000 par value bonds at an effective rate of
ten percent. P195,000 interest is receivable every end of six months for five years.
Determine the buying price of the bond.
Transcribed Image Text:Problem 1. Mala Inse Corporation is contemplating to buy P2,000,000 par value bonds at an effective rate of ten percent. P195,000 interest is receivable every end of six months for five years. Determine the buying price of the bond.
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