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On July 1, 20x5, Pensatucky Trading received P1,032,880 for P1,000,000 face amount 12% bonds, a price that yields 10%. Interest expense for the six months

On July 1, 20x5, Pensatucky Trading received P1,032,880 for P1,000,000 face amount 12% bonds, a price that yields 10%. Interest expense for the six months ended December 31, 20x5 should be?

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