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On January 1, 2025, Agree Company issued $79,000 of five-year,8% bonds when the market interest rate was 12%. The issue price ofthe bonds was $67,340.

On January 1, 2025, Agree Company issued $79,000 of five-year,8% bonds when the market interest rate was 12%. The issue price ofthe bonds was $67,340. Agree uses the effective-interest method ofamo 2 answers

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