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Part 1.. 1. On January 1, 2014, XYZ issued 12% bonds dated January 1, 2014, with a face amount of $20 million. The bonds mature

Part 1.. 1. On January 1, 2014, XYZ issued 12% bonds dated January 1, 2014, with a face amount of $20 million. The bonds mature in 10 years. For bonds of similar risk and maturity, the market yield is...

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