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On January 1, 2016, Knorr Corporationissued $800,000 of 6%, 5-year bonds dated January 1, 2016. Thebonds pay interest annually on December 31. The bonds were

On January 1, 2016, Knorr Corporationissued $800,000 of 6%, 5-year bonds dated January 1, 2016. Thebonds pay interest annually on December 31. The bonds were issuedto yield 7%. Bond issue costs ass On January 1, 2016, Knorr Corporation issued \( \$ 800,000 \) of \( 6 \%, 5 \)-year bonds dated January 1, 2016. The bonds pay interest annually on December 31 . The bonds were issued to yield \( 7 \% 2 answers

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