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2 . On July 1 , $3, 200, 000 in XYZ Company bonds were purchased at par plus accrued interest . The bonds pay an

2 . On July 1 , $3, 200, 000 in XYZ Company bonds were purchased at par plus accrued interest . The bonds pay an annual rate of 5 percent interest semiannually on April 1 and October 1

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