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A company issues 7%, 11- year bonds with a face amount of 60000 on January 1st 2024. The market interest rate for bonds of similar

A company issues 7%, 11- year bonds with a face amount of 60000 on January 1st 2024. The market interest rate for bonds of similar risk and maturity is also 7%. Interest is paid semiannually on June 30 and December 31st

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