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On July 1, 2021, Chris acquires a newly issued investment contract with a maturity value of $100,000. It matures on June 30, 2026, with interest

On July 1, 2021, Chris acquires a newly issued investment contract with a maturity value of $100,000. It matures on June 30, 2026, with interest accruing at 8 percent per annum. Interest is paid for t...

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