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Calvino ltd issued $ 5 0 0 0 0 0 0 of 6 % bonds at a price effective yield 8 % , the bonds

Calvino ltd issued $

5000000

6 %

bonds at a price effective yield

8 %,

the bonds are due on january

1, 2029 .

Interest is payablr annuall

6

on january

1

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