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What is the purchase price of the bonds for sweet company

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problem 1: On January 1, 2020, Sweet Company purchased 5-year bonds with face value of P8,000,000 and stated interest of 10% per year payable semi-annually January 1 and July 1. The bonds payable acquired to yield 8. What is the purchase price of the bonds? (PVF 4 decimal points).

Reference no: EM132850027

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