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On january 1 2020 Ellison Co. issued eight-year bonds with a face value of $200000 and a stated interest rate of 6%, payable semiannually on

On january 1 2020 Ellison Co. issued eight-year bonds with a face value of $200000 and a stated interest rate of 6%, payable semiannually on june 30 and december 31. The bonds were sold to yield 8%.

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