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Legal Consult, a law firm, sells $12,000,000 of three-year, 10% bonds priced to yield 7.8%. The bonds are dated January 1, 2018, but due to

Legal Consult, a law firm, sells $12,000,000 of three-year, 10% bonds priced to yield 7.8%. The bonds are dated January 1, 2018, but due to some regulatory hurdles are not issued until May 1, 2018. In...

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