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On Jan 1 a compnay issues bonds dated jan 1 with a par value of 210,000. The bond matures in 5 years. The contract rate

On Jan 1 a compnay issues bonds dated jan 1 with a par value of 210,000. The bond matures in 5 years. The contract rate is 11% intrest is paid semiannually on june 30 and december 31 the market rate is 10% and bonds are sold for 218,105

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