Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 6MC: On July 1, a company sells 8-year $250,000 bonds with a stated interest rate of 6%. If interest...
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G Company enters into an IRG arrangement with M bank for a 9 months, P800,000 loan starting 3 months FROM NOW. The IRG (interest rate guarantee) rate is at 11% and the bank quotes a premium of P4,000.
Compute for the effective interest rate if the actual interest rate 3 months from now is 8%
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