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help me please thank you 2) On March 1, 2019, Madine Corporation issued at 103 plus accrued interest, 1,000 of its 15%, P1,000 bonds. The
help me please thank you
2) On March 1, 2019, Madine Corporation issued at 103 plus accrued interest, 1,000 of its 15%, P1,000 bonds. The bonds are dated January 1, 2019 and mature on January 1, 2024. Interest is payable semi-annually on January 1 and July 1. Madine paid transaction costs of P60,000. Based on the given information, how much would Madine realize as net cash receipts from the bond issuance? A. 995,000 B. 1,030,000 c. 1,055,000 D. 1,095,000 Step by Step Solution
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