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A company issued 10%, 7-year bonds with a par value A company issued 10%, 7.year bonds with a par value of $2,700,000 Interest is paid

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A company issued 10%, 7.year bonds with a par value of $2,700,000 Interest is paid semiannually The market interest rate on the issue date was 12%, and the issuer received $2,449,035 cash for the bonds Record issuance of the bond and the first semiannual interest payment

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