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Question 3 On January 1, 2017, Hoist Up Company (HUC), purchased bonds of Southern Inc. that had the following characteristics: 12% coupon rate, $300,000 face

Question 3 On January 1, 2017, Hoist Up Company (HUC), purchased bonds of Southern Inc. that had the following characteristics: 12% coupon rate, $300,000 face value, maturing on December 31, 2021, and interest paid annually on December 31. The bonds were purchased by HUC for $322,744.72

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