What is the market price of the bonds for zimbabwe company

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At the beginning of current year, Zimbabwe Company purchased 5-year bonds with face amount of P8,000,000 and stated interest of 10% per year payable semiannually January 1 and July 1. The bonds were acquired to yield 8%.

Problem 1: What is the market price of the bonds?

Problem 2: What is the carrying amount of the bond investment at the end of the current year?

Reference no: EM132822867

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