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On March 1, 2017, Joyce Inc. issued $500,000 of 10% callable bonds due in 4 years at $551,228 which is an effective interest rate of

On March 1, 2017, Joyce Inc. issued $500,000 of 10% callable bonds due in 4 years at $551,228 which is an effective interest rate of 8%. Interest is payable on March 1 and September 1. Assume that Joy...

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