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Legacy issues $550,000 of 9.5%, four-year bonds dated January 1, 2013, that pay interest semiannually...

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Accounting

Legacy issues $550,000 of 9.5%, four-year bonds dated January 1, 2013, that pay interest semiannually on June 30 and December 31. They are issued at $507,301 and their market rate is 12% at the issue date.

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