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How much is the amount of proceeds received

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Question - How much is the amount of proceeds received from the issuance of the bonds assuming bonds were issued on March 1, 2019?

On January 1, 2019, Egg Corporation is planning to issue a 12% 5-year P1,000,000 bonds. Interest on these bonds are due annually every year. Egg determines that the current market rate on January 1 is 15%.

Reference no: EM133146730

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