Question: Assignment #7: (BOND VALUE) A P1 ,000,000 issue of 3% 15-year bond was sold at 95%. If the miscellaneous initial expenses of the financing was

Assignment #7: (BOND VALUE) "A P1 ,000,000 issue of 3% 15-year bond was sold at 95%. If the miscellaneous initial expenses of the financing was P20,000 and yearly expense of P2,000 is incurred, what is the true cost of the nearest 0.5% that the company is paying for the it borrowed

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