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The corporation issued $10,000,000 worth of 6%, 10 - year debenture bonds on December 31, 2019, when the market effective rate of interest was 8%.
The corporation issued $10,000,000 worth of 6%, 10 - year debenture bonds on December 31, 2019, when the market effective rate of interest was 8%. the bonds will pay interest semi-annually on june 30th and december 31st, the money will be used to expand the business.
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