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How much is the purchase price of bonds on january

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On January 1, 2018, Bakod Co. acquired a 4-year bond with a face  value of P1,200,000 and started interest of 10% per year payable annually on December  31. The bonds were acquired to yield 12%. The bonds are to be appropriately classified  as financial asset at amortized cost.

Based on the above data, answer the following: (Round off present value  factors to four decimal places)

Problem 1: How much is the purchase price of bonds on January 1, 2018?

Problem 2: How much is the interest income for 2018?

Reference no: EM132805589

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