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On January 1, 2016, Morrie's Inc. issued ten-year bonds with a face amount of $3,000,000 and a stated interest rate of 8% payable annually on

On January 1, 2016, Morrie's Inc. issued ten-year bonds with a face amount of $3,000,000 and a stated interest rate of 8% payable annually on January 1. The bonds were priced to yield 10%. The total i...

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