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On January 1, 2022, Learned, Inc., issued $105 million faceamount of 20-year, 14% stated rate bonds when market interest rateswere 16%. The bonds pay interest

On January 1, 2022, Learned, Inc., issued $105 million faceamount of 20-year, 14% stated rate bonds when market interest rateswere 16%. The bonds pay interest semiannually each June 30 andDecember 2 answers

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