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Morneau Automation Ltd . issued 7 % , 1 0 - year bonds with a face value of $ 1 0 5 , 3 0
Morneau Automation Ltd issued year bonds with a face value of $ at par on May The bonds pay interest on October and April each year. The first interest payment was made on October Morneau's year end is December Determine the cash received on issuance and the yield for the year bonds issued by Morneau Automation.
Cash Received $
Yield
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