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Business, 28.06.2019 03:20 dedrell16

On january 1, 2018 when the effective interest rate was 12%, philips co. issued bonds with a maturity value of $200,000. the stated rate of interest is 12% and the bonds pay interest semi-annually. philips co. paid $2,000 in bond issue costs on this date. if philips co. uses ifrs, the effective interest rate will be: multiple choice cannot be determined based on the information provided. slightly higher than 12%. 12%. slightly lower than 12%.

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