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1). A 1,000 2% semi-annual bond selling at 105 is sold at a PREMIUM (do NOT give a $ amount) which means the bond rate
1). A 1,000 2% semi-annual bond selling at 105 is sold at a PREMIUM (do NOT give a $ amount) which means the bond rate is GREATER THAN (< > =) the market rate.
2). What is the entry to record the bond sale in #1?
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