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1. A corporation sells P100,000 worth of callable bonds in P500 denomination, which are to be redeem in 6 years, as nearly as equal as

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1. A corporation sells P100,000 worth of callable bonds in P500 denomination, which are to be redeem in 6 years, as nearly as equal as possible. The bond rate is 8% compounded annually. Prepare an amortization schedule. Period 1 2 3 4 5 6

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