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Journal Entrie: Issued $160,000 of 10 yrs 10% bonds at a market (effective) interest rate of 9%, with interest payable semiannually. Round all calculations to

Journal Entrie: Issued $160,000 of 10 yrs 10% bonds at a market (effective) interest rate of 9%, with interest payable semiannually. Round all calculations to the nearest dollar.

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