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Annual Interest Period September 30, 2023 September 30, 2024 September 30, 2025 A: Interest Payment (4.0% of Maturity Values) B: Interest Expense (5.0% of Preceding

Annual Interest Period September 30, 2023 September 30, 2024 September 30, 2025 A: Interest Payment (4.0% of Maturity Values) B: Interest Expense (5.0% of Preceding Bond Carrying Amount) C: Discount Amortization (B-A) D: Unamortized Discount Account Balance (D-C) E: Bond Carrying Amount ($2,400,000 - D)
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