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7. Spoton Co Ltd issues $5 million in 2-year, 8%, semi-annual coupon debentures to the public. The market required rate of return is also 8%.

7. Spoton Co Ltd issues $5 million in 2-year, 8%, semi-annual coupon debentures to the public. The market required rate of return is also 8%. The money is received on application and the debentures a...

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