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Legacy issues $610,000 of 6.5%, four-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. They are issued at

Legacy issues $610,000 of 6.5%, four-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. They are issued at $579,203 and their market rate is 8% at the issue date.

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