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Tranquility, Inc is authorized to issue 7%, 10-year bonds payable. On Jan 1st 2014 when the market interest rate is 8% the company issues $200,000

Tranquility, Inc is authorized to issue 7%, 10-year bonds payable. On Jan 1st 2014 when the market interest rate is 8% the company issues $200,000 of bonds, The bonds pay interest semiannually

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