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On May 2, Pina Company lends $9,700 to Chang, Inc., issuing a 6-month, 8% note. At the November 2, maturity date, Chang indicates that it

On May 2, Pina Company lends $9,700 to Chang, Inc., issuing a 6-month, 8% note. At the November 2, maturity date, Chang indicates that it cannot pay. Parts b and c are independent assumptions. ...

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