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Waterway Limited owes $250,000 to Shamrock Inc. on a 10-year, 10% note due on December 31, 2020. The note was issued at par. Because Waterway

Waterway Limited owes $250,000 to Shamrock Inc. on a 10-year, 10% note due on December 31, 2020. The note was issued at par. Because Waterway is in financial trouble, Shamrock Inc. agrees to ...

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