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[The following information applies to the questions displayed below. Alexi Co. issued $2.80 million face amount of 7%, 10-year bonds on June 1, 2016. The

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[The following information applies to the questions displayed below. Alexi Co. issued $2.80 million face amount of 7%, 10-year bonds on June 1, 2016. The bonds pay interest on an annual basis on May 31 each year

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