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On January 1, 2020, Sheffield Corporation issued $670,000 of 9%bonds, due in 10 years. The bonds were issued for $628,252, and payinterest each July 1

On January 1, 2020, Sheffield Corporation issued $670,000 of 9%bonds, due in 10 years. The bonds were issued for $628,252, and payinterest each July 1 and January 1. Sheffield uses theeffective-int 2 answers

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