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On January 1, a corporation issues bonds that have a $4,600,000 par value, mature in 20 years, and pay 12% interest semiannually on June 30

On January 1, a corporation issues bonds that have a $4,600,000 par value, mature in 20 years, and pay 12% interest semiannually on June 30 and December 31. The bonds are sold at par

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