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The following information is used to answer questions 13 to 16: Bonds: $1,000,000 Par Value Semiannual Interest Payments, Three-Year Life Annual Contract Rate: 6% Annual

The following information is used to answer questions 13 to 16: Bonds: $1,000,000 Par Value Semiannual Interest Payments, Three-Year Life Annual Contract Rate: 6% Annual Market Rate: 8% 13. What is th...

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