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Blue Company issued $432,000 of 10, 20year bonds on January 1, 2020, at 102 Interest is payable semiannually on July 1 and January 1 Blue

Blue Company issued $432,000 of 10, 20year bonds on January 1, 2020, at 102 Interest is payable semiannually on July 1 and January 1 Blue Company uses the effectiveinterest method of amortization for bond premium or discount Assume an effective yield of 97705

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