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Sewell rendered services in exchange for a 3%, 6-year promissory note having a face value of $7,500. Interest was to be paid annually. This customer

Sewell rendered services in exchange for a 3%, 6-year promissory note having a face value of $7,500. Interest was to be paid annually. This customer had a credit rating which required that money be borrowed at 10% interest.

What is the impact on total stockholders equity of the entire transaction over the life of the note?

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