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Sheridan Company issued 11%, 8-year, $2,633,800 par value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1,

Sheridan Company issued 11%, 8-year, $2,633,800 par value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1, 2017, and are issued on that date. The discount rate of interest for such bonds on April 1, 2017, is 10%.

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