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Madrid company plans to issue 9% bonds with a par value of 5,600,000 the company sells 5,040,000 of the bonds at par on January 1

Madrid company plans to issue 9% bonds with a par value of 5,600,000 the company sells 5,040,000 of the bonds at par on January 1 the remaining 560,000 sells at par on July 1, the bonds pay interest semiannually on June 30 and December 31

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