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Cookie Dough Corporation issued $400,000 in 8%, 10-year bonds (payable on December 31, 2030) on January 1, 2021, for $440,000. Interest is paid on June
Cookie Dough Corporation issued $400,000 in 8%, 10-year bonds (payable on December 31, 2030) on January 1, 2021, for $440,000. Interest is paid on June 30 and December 31. The market rate of interest is 6%.
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