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ABC Inc. sold $5,000,000 of 10%, 25-year, semiannual paymentbonds 15 years ago. The bonds have a sinking fund provisionrequiring 5% of the original face value

ABC Inc. sold $5,000,000 of 10%, 25-year, semiannual paymentbonds 15 years ago. The bonds have a sinking fund provisionrequiring 5% of the original face value to be redeemed each year,beginning in 2 answers

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