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McNeilCorporation issued $300,000 of 6%, 10-year bonds payable on January1, 2022. The market interest rate at the date of issuance was 4%,and the bonds pay

McNeilCorporation issued $300,000 of 6%, 10-year bonds payable on January1, 2022. The market interest rate at the date of issuance was 4%,and the bonds pay interest semiannually (on June 30 and Dec 1 answer

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