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journilize Exercise 4 Jan 01, 19 Nov 01, 21 Exercise 5 Purchased $100,000 of 8 percent bonds of XYZ, paying $92,278. The bonds mature January
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Exercise 4 Jan 01, 19 Nov 01, 21 Exercise 5 Purchased $100,000 of 8 percent bonds of XYZ, paying $92,278. The bonds mature January 1,2024 and yield 10 percent;(interest is payable each July and January 1 Sold the investment in XYZ bonds for $99,750 plus accrued interestStep by Step Solution
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