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Answer in required part Activity #1 - Bond Investment: Joy has the following bonds on her investment portfolio: a) 5 bonds, 10-year, 12% Mortgage bond
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Activity #1 - Bond Investment: Joy has the following bonds on her investment portfolio: a) 5 bonds, 10-year, 12% Mortgage bond with a face value of P50,000 acquired on March 1, 2020 at 102. Interest is payable every June 30 and Dec. 31. b) 12 bonds, 5-year, 15% Debenture with a face value of P20,00 O acquired at 95-1/2 on November 30, 2020. Interest due every April 1, and Oct. 1. Joy wanted to sell some of the bonds to Hapi and offered 3 Mortgage bond on August 31, 2021 at 103-3/4. She also offered 8 Debenture bonds at 92-1/2 on Feb. 1, 2021 to Sweet. Required: 1. Total amount paid paid by Joy on her investment in Mortgage and Debenture bonds 2. Proceeds from the sale of her bonds to: a. Hapi b. Sweet 3. Total realized income by Joy on her investment in Mortgage and Debenture bonds up to December 31, 2021Step by Step Solution
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