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On January 1, 2013, Piper Co. issued ten-year bonds with a face value of $4,500,000 and a stated interest rate of 10%, payable semiannually on
On January 1, 2013, Piper Co. issued ten-year bonds with a face value of $4,500,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%
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