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Emil Corp. produces and sells wind-energy-driven engines. To finance its operations, Emil Corp. issued $497,000 of 10-year, 8% callable bonds on May 1, 20Y1, at

Emil Corp. produces and sells wind-energy-driven engines. To finance its operations, Emil Corp. issued $497,000 of 10-year, 8% callable bonds on May 1, 20Y1, at their face amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year

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