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On the first day of its fiscal year, Ebert Company issued $53,500,000 of 10-year, 7% bonds to finance its operations. Interest is payable semiannually. The

On the first day of its fiscal year, Ebert Company issued $53,500,000 of 10-year, 7% bonds to finance its operations. Interest is payable semiannually. The bonds were issued at a market (effective) i...

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