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On January 1, 2021, Ashley Corp. purchased P 1,000,000, 12% bonds of Ella Inc. for P 1,063,394, a price that yields 10%. Interest on these

On January 1, 2021, Ashley Corp. purchased P 1,000,000, 12% bonds of Ella Inc. for P 1,063,394, a price that yields 10%. Interest on these bonds is payable every December 31. The bonds mature on De...

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