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Benson Industries issue $2,000,000 of 8%, 5 year, debentures on May 1, 2021. Similar bonds yield 10% interest. The bonds pay interest semiannually on May

Benson Industries issue $2,000,000 of 8%, 5 year, debentures on May 1, 2021. Similar bonds yield 10% interest. The bonds pay interest semiannually on May 1 and November Benson uses the effective int...

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