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4. Tax-supported sen'al bonds with a $7,400,000 par value were issued in cash to permit refunding of a $7,400,000 par value issue of term bonds.

4. Tax-supported sen'al bonds with a $7,400,000 par value were issued in cash to permit refunding of a $7,400,000 par value issue of term bonds. Assume that the term bonds had been issued several year...

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