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On January 1, 2020, Concord Corporation issued eight-year bonds with a face value of $6300000 and a stated interest rate of 6%, payable semiannually on

On January 1, 2020, Concord Corporation issued eight-year bonds with a face value of $6300000 and a stated interest rate of 6%, payable semiannually on June 30 and December 31 . The bonds were sold to yield 8%. Table values are: The issue price of the bonds is $5574366. $6297480. $5604228. $5566428

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