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On July 31, 2021, Pharoah Inc. issued $420,000 of 5-year, 4% bonds at 101. Interest is payable semi-annually on July 31 and January 31. Pharoah's

On July 31, 2021, Pharoah Inc. issued $420,000 of 5-year, 4% bonds at 101. Interest is payable semi-annually on July 31 and January 31. Pharoah's fiscal year end is January 31. Is the market rate o...

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