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On july 1 , 2 0 2 4 cullumber corp issued $ 3 . 8 4 miliion of 1 0 year, 5 % bonds at
On july cullumber corp issued $ miliion of year, bonds at $ The price resulted in market interest rate of the bonds. The bonds pay semiannually interest on July and January and Cullumber has a Decenber year end. a Prepare an effective interest ammortiation table for the first eight interest patments for these bonds.
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