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On January 1, 2020, Meigmax Company purchased Mixzen Corporation, P1,000,000, 12% bonds for P 1,065,000, a price that yields 10%. The bonds pay interest semi

On January 1, 2020, Meigmax Company purchased Mixzen Corporation, P1,000,000, 12% bonds for P 1,065,000, a price that yields 10%. The bonds pay interest semi annual; every January 1 and July 1 and hey...

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