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Hargrove Co. issued 8-year bonds with a face value of $200,000 and a face interest rate of 6%, payable semiannually on June 30 and December

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Hargrove Co. issued 8-year bonds with a face value of $200,000 and a face interest rate of 6%, payable semiannually on June 30 and December 31 . The bonds were sold to yield the effective interest rate of 8%. Table values are: $108,000 $124,600 $125,400 $106,800

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