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Waterway, Inc. had outstanding $6,390,000 of 12% bonds (interest payable July 31 and January 31) due in 10 years. On July 1, it issued $8,240,000

Waterway, Inc. had outstanding $6,390,000 of 12% bonds (interest payable July 31 and January 31) due in 10 years. On July 1, it issued $8,240,000 of 10%, 15-year bonds (interest payable July 1 and...

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