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On June 30, 2021, L. N. Bean issued $15 million of its 6% bonds for $14 million. The bonds were priced to yield 8%. Interest

On June 30, 2021, L. N. Bean issued $15 million of its 6% bonds for $14 million. The bonds were priced to yield 8%. Interest is payable semiannually on December 31 and July 1. If the effective interes...

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