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On 1/1/20X1, Illini issues 10% bonds dated 1/1/20X1, with a faceamount of $60,000. The bonds mature on 12/31/20X4 (4 years). Forbonds of similar risk and

On 1/1/20X1, Illini issues 10% bonds dated 1/1/20X1, with a faceamount of $60,000. The bonds mature on 12/31/20X4 (4 years). Forbonds of similar risk and maturity, the market yield is 8%.Interest i 2 answers

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