PROBLEM: On January 1, 2020, a company issued 3-year bonds w...
PROBLEM: On January 1, 2020, a company issued 3-year bonds w...
PROBLEM:
On January 1, 2020, a company issued 3-year bonds with face amount of P5,000,000 at 95. Additionally, the entity paid bond issue cost of P199,000.
The nominal rate is 12% and the effectiv...
