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7. Due to an unexpected change in interest rates, a village issued a $2,500,000 bond at 98 percent of par value. The bond was issued

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7. Due to an unexpected change in interest rates, a village issued a $2,500,000 bond at 98 percent of par value. The bond was issued to fund construction of a bike path. including restrooms and picnic shehers. It is expected that the shoitage of cash will be covered by a future transfer from another fund

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