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Lakeside Market issued $20,000,000, 10%, 10-year debenture bonds on December 31, 2018, when the market (effective) rate of interest was 8%. The bonds will pay

Lakeside Market issued $20,000,000, 10%, 10-year debenture bonds on December 31, 2018, when the market (effective) rate of interest was 8%. The bonds will pay interest semi-annually on june 30 and December 31.

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