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Grocery Corporation received $316,531 for 8.00 percent bonds issued on January 1, 2018, at a market interest rate of 5.00 percent. The bonds had a

Grocery Corporation received $316,531 for 8.00 percent bonds issued on January 1, 2018, at a market interest rate of 5.00 percent. The bonds had a total face value of $257,000, stated that interest would be paid each December 31, and stated that they mature in 10 years.

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