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On September? 30, 2020?, when the market interest rate is 9 percent, Winner Ltd. issues $8,750,000 of 11 percent, 20-year bonds for $10,360,138. The bonds

On September? 30, 2020?, when the market interest rate is 9 percent, Winner Ltd. issues $8,750,000 of 11 percent, 20-year bonds for $10,360,138. The bonds pay interest on March 31 and September 30...

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