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On January 1, 2021, Milk Tea Company purchased P2,000,000 face value bonds at a price of P1,824,000 which will yield an interest rate of 10%.

On January 1, 2021, Milk Tea Company purchased P2,000,000 face value bonds at a price of P1,824,000 which will yield an interest rate of 10%. The nominal interest rate on the bonds is 8% payable annua...

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