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On january 1, 2017, ABC Company purchased 5-year bonds with face value of P4,000,000 and stated interest of 12% per year payable annually every December

On january 1, 2017, ABC Company purchased 5-year bonds with face value of P4,000,000 and stated interest of 12% per year payable annually every December 31. The bonds were acquired to yield 10%. The following data relate to the bonds

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