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PleaseI need help. thank you. On January 1, 2016, Knorr Corporation issued ( $ 800,000 ) of ( 6 %, 5 ) year bonds dated

PleaseI need help. thank you. On January 1, 2016, Knorr Corporation issued $ \$ 800,000 $ of $ 6 \%, 5 $ year bonds dated January 1, 2016. The bonds pay interest annually on December 31 . The bonde were issued to yiald \( 7 \% 2 answers

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