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On january 1, Smith technologies corporation issued $ 480,00 in bonds that mature in 10 years. The bonds have a stated interest rate of 9

On january 1, Smith technologies corporation issued $ 480,00 in bonds that mature in 10 years. The bonds have a stated interest rate of 9 percent. when the bonds were issued the market interest rate was 9 percent . The bonds pay interest once per year on december 31

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