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Plantation Company issued the following bonds at a premium: Date of issue and sale: March 1, 20-1 Principal amount: $840,000 Sale price of bonds: 103

Plantation Company issued the following bonds at a premium: Date of issue and sale: March 1, 20-1 Principal amount: $840,000 Sale price of bonds: 103 Denomination of bonds: $1,000 Life of bonds: 10 years Stated rate: 7%, payable semiannually on August 31 and February 28

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