A company issued a 6-year P3,000,000 bond dated January 1, 2021, with a stated interest rate of 11%. Interest on the bonds is paid annually on December 31 of each year. The company’s bonds were sold to yield 14%. On May 1, 2022, the company withdrew P1,000,000 face value the bonds at 101. What is the book value of the

Sep 8, 2023

  1. A company issued a 6-year P3,000,000 bond dated January 1, 2021, with a stated interest rate of 11%. Interest on the bonds is paid annually on December 31 of each year. The company’s bonds were sold to yield 14%. On May 1, 2022, the company withdrew P1,000,000 face value the bonds at 101. 
  2. What is the book value of the bonds on December 31, 2022?

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