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When Patey Pontoons issued 10% bonds on January 1, 2024, with aface amount of $880,000, the market yield for bonds of similar riskand maturity was

When Patey Pontoons issued 10% bonds on January 1, 2024, with aface amount of $880,000, the market yield for bonds of similar riskand maturity was 11%. The bonds mature December 31, 2027 (4 years). 2 answers

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