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On January 1 2021 speedway ltd purchased $230,000 of 9%, 10-yearbonds at face value (100) with the intention of selling the bondsearly the next year.

On January 1 2021 speedway ltd purchased $230,000 of 9%, 10-yearbonds at face value (100) with the intention of selling the bondsearly the next year. Interest is received semi-annually on July 1and 2 answers

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