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Mathematics, 14.02.2021 20:20 sebcbal

On July 1, 20Y1, Danzer Industries Inc. Issued $47,500,000 of 10-year, 10% bonds at a market (effective) interest rate of 12%, receiving cash of $42,051,560. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year.

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On July 1, 20Y1, Danzer Industries Inc. Issued $47,500,000 of 10-year, 10% bonds at a market (effect...

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