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1. On January 1, a company issues bonds: Par Value: Bond Term, in years: $2,000,000 4 3/31, 6/30, 9/30 & Interest Payments: 12/31 Stated

1. On January 1, a company issues bonds: Par Value: Bond Term, in years: $2,000,000 4 3/31, 6/30, 9/30 & Interest Payments: 12/31 Stated Interest Rate: 12% Market Interest Rate: 16%

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