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$60,000, 5-year bonds, with a 10% stated rate of interest are issued at $64,867 on January 1, 2021. The market rate of interest is 8%.

$60,000, 5-year bonds, with a 10% stated rate of interest are issued at $64,867 on January 1, 2021. The market rate of interest is 8%. Interest payments are made semi-annually on June 30 and Decem...

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