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On January 1 of the current year, the Queen Corporation issued 7% bonds with a face value of $97,000. The bonds are sold for $94,090.

On January 1 of the current year, the Queen Corporation issued 7% bonds with a face value of $97,000. The bonds are sold for $94,090. The bonds pay interest semiannually on June 30 and December 31 an...

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