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2) If the market interest rate drops to 6% on December 31.2025, it will cost $506870 to retire the bonds. Record the retirement of the

2) If the market interest rate drops to 6% on December 31.2025, it will cost $506870 to retire the bonds. Record the retirement of the bonds on December 31, 2025.

journal entry for december 31, 2025.

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