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On January 1, 2017, Bramble Corporation issued $450,000of7% bonds, due in8years. The bonds were issued for $478,264, and pay interest each July 1 and January

On January 1, 2017, Bramble Corporation issued $450,000of7% bonds, due in8years. The bonds were issued for $478,264, and pay interest each July 1 and January 1. The effective-interest rate is6%.

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