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Shriver Corp. purchased ten $ 1 , 0 0 0 5 % bonds of Simplex Corporation when the market rate of interest was 1 2

Shriver Corp. purchased ten $

1, 0005 %

bonds of Simplex Corporation when the market rate of interest was

12 % .

Interest is paid semiannually, and the bonds will mature in four years.

Shriver paid

on the bond investment.

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