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On January 1, 2025, Swifty Company issued $3,200,000 facevalue, 7%, 10-year bonds at $3,435,523. This price resulted in a 6%effective-interest rate on the bonds. Swifty

On January 1, 2025, Swifty Company issued $3,200,000 facevalue, 7%, 10-year bonds at $3,435,523. This price resulted in a 6%effective-interest rate on the bonds. Swifty uses theeffective-interest m 2 answers

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