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On June 30, 2024, L. N. Bean issued $10 million of its 8% bondsfor $8 million. The bonds were priced to yield 10%. Interest ispayable

On June 30, 2024, L. N. Bean issued $10 million of its 8% bondsfor $8 million. The bonds were priced to yield 10%. Interest ispayable semiannually on December 31 and July 1. If the effectiveinteres 2 answers

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