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[ The following information applies to the questions displayed below. ] Ike issues $ 1 1 0 , 0 0 0 of 9 % ,

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Ike issues $110,000 of 9%, three-year bonds dated January 1,2021, that pay interest semiannually on June 30 and December 31. They are issued at $112,881 when the market rate is 8%
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