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On January 1, 2024, White Water issues $450,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31

On January 1, 2024, White Water issues $450,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 5% and the bonds issued at $506,481

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