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On January 1, 2016 a company issued 100 bonds each for 1000 for par as the interest rate on the bond ( stated / coupon
On January 1, 2016 a company issued 100 bonds each for 1000 for par as the interest rate on the bond ( stated / coupon rate ) is 4% and the market rate is also 4% then they used tjis cash purchase an automobile for 100000 cash the bonds is to be paid at the end of the three years (December 31, 2018
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