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n January 1, 2025, Lance Co. issued five-year bonds with a face value of $1,000,000 and a stated ir 12% payable semiannually on July 1

n January 1, 2025, Lance Co. issued five-year bonds with a face value of $1,000,000 and a stated ir 12% payable semiannually on July 1 and January 1 . The bonds were sold to yield 10%. Present vaa ctors are

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