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Ike issues $220,000 of 13%, three-year bonds dated January 1, 2021,that pay interest semiannually on June 30 and December 31. They areissued at $225,417 when

Ike issues $220,000 of 13%, three-year bonds dated January 1, 2021,that pay interest semiannually on June 30 and December 31. They areissued at $225,417 when the market rate is 12%.Prepare the jour 2 answers

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