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Arthur Corp. issued $2,500,000 of 10-year, 9% callable bonds onJanuary 1, 2012, with interest payable on June 30 and December 31.The market rate of interest

Arthur Corp. issued $2,500,000 of 10-year, 9% callable bonds onJanuary 1, 2012, with interest payable on June 30 and December 31.The market rate of interest on that date was 8%. The company usedthe 2 answers

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