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Legacy issues $670,000 of 6.0%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at

Legacy issues $670,000 of 6.0%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at $624,896 and their market rate is 8% at the issue date.

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