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issues $1,000 in 20-year bonds on March 1 2019. Interest payments are due semi-annually on March 1 and Sept 1 of each year at a
issues $1,000 in 20-year bonds on March 1 2019. Interest payments are due semi-annually on March 1 and Sept 1 of each year at a coupon rate of 8%. The bonds are callable at 105. The market required a yield of 10%. Prepare all relevant journal entries for 2019. has a December 31 fiscal year end.
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