on december 31 2016, p226 ltd purchased bonds of cz775 ltd. the bonds mature at a value of 5,000,000. The stated interest is 3%. Interest paid each june 30 and December 31. The bonds were purchased to yield 3.4%. The bond will be accounted foras FVTPL and p226 follows IFRS 9.

a) What is the price of the Bond

b) Provide the 2017 Journal entries for June 30 and Dec 31 for P226. Use the net method and the standard journal entry format.

c) On December 31, 2017 the bonds were available in the secondary market at a yield rate of 3.6%. Provide the necessary December 31 2017 journal entry