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Vanguard Corporation issued $6,000,000 of 12% bonds on January 1, 2023, due on January 1, 2037. The interest is to be paid twice a year

Vanguard Corporation issued $6,000,000 of 12% bonds on January 1, 2023, due on January 1, 2037. The interest is to be paid twice a year on January 1 and July 1. The bonds were sold to yield 7% effecti...

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