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A company purchases bonds on January 1, 2019 and pays $ 207,913. This price represents a market rate of 9%, the principal is $ 200,000,
A company purchases bonds on January 1, 2019 and pays $ 207,913. This price represents a market rate of 9%, the principal is $ 200,000, the contractual rate is 10%, it pays semi-annual interest and they expire in 5 years. For what amount should these bonds be recorded on the date of purchase?
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