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beginning March 2021. A long-term bond purchased by G & J Merchandising & More 4 years ago, with a face value of $500,000 will

 

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beginning March 2021. A long-term bond purchased by G & J Merchandising & More 4 years ago, with a face value of $500,000 will mature on January 20, 2021. In order to meet the financial obligations of the business, management has decided to liquidate the investment upon maturity. On that date quarterly interest computed at a rate of 5% per annum is also expected to be collected. hout the year are estimated to be

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