On January 1, 2020, Sabond issued a 5-year 12%, P10,000,000. Interest is payable annually every January 1.
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On January 1, 2020, Sabond issued a 5-year 12%, P10,000,000. Interest is payable annually every January 1. The yield rate for similar bonds is 15%. What is the interest expense for 2022?
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