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Duval company issues 4 year bonds with a $113000 par value on january 1, 2021 at a price of $108855. The annual contract rate is

Duval company issues 4 year bonds with a $113000 par value on january 1, 2021 at a price of $108855. The annual contract rate is 6% and interest is paid semiannually on june 30 and december 31

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