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Ivanhoe Pet supply company issued $280,000 0f 8%, 10 year bonds at 102. Interest paid...

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Accounting

Ivanhoe Pet supply company issued $280,000 0f 8%, 10 year bonds at 102. Interest paid annually, and the straight-line method is used for amortization. Assume that the market rate for similar investments is 7%. The bonds are issued on the date of the bonds

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