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Full Answer Please And Solution 1. A bond, with a face...

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Accounting

Full Answer Please And Solution
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1. A bond, with a face value of P100,000 redeemable at par in 10 years, pays dividends at the rate of 6% per annum. Determine the purchase price of the bond now and its book value at the beginning of each year if the yield on the bond is 10%

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