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Teal Corp. owes $295,000 to Flint Trust. The debt is a 10-year, 12% note due December 31, 2020. Because Teal Corp. is in financial trouble,

Teal Corp. owes $295,000 to Flint Trust. The debt is a 10-year, 12% note due December 31, 2020. Because Teal Corp. is in financial trouble, Flint Trust agrees to extend the maturity date to Decembe...

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