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Information:On August 1, Saola issued a $740,000, semi-annual, 7 year, 6.5%bond. The market rate for similar bonds on that day was 6.0%. Saolauses the effective

Information:On August 1, Saola issued a $740,000, semi-annual, 7 year, 6.5%bond. The market rate for similar bonds on that day was 6.0%. Saolauses the effective interest method to record the amorti 0 answers

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