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James Smith Company sells 8 % bonds having a maturity value of $ 2 , 0 0 0 , 0 0 0 for $ 1

James Smith Company sells

8 %

bonds having a maturity value of $

2, 000, 000

for $

1, 848, 366.00 .

The bonds are dated January

1, 2025,

and mature January

1, 2030 .

Interest is payable annually on January

1 .

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