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On August 1, 2020, Franklin Inc. acquired $120,000 (face value) 10% bonds of Machu Corporation at 102 plus accrued interest. The bonds were dated May

On August 1, 2020, Franklin Inc. acquired $120,000 (face value) 10% bonds of Machu Corporation at 102 plus accrued interest. The bonds were dated May 1, 2020, and mature on April 30, 2023, with intere...

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