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On January 1, 2020, Vaughn Manufacturing issued eight-year bonds with a face value of $6130000 and a stated interest rate of 6%, payable semiannually on
On January 1, 2020, Vaughn Manufacturing issued eight-year bonds with a face value of $6130000 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 present value of the principal is $3273420$3310200$3818990
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