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On january 1 of the current year feller corporation

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On January 1 of the current year, Feller Corporation issued $3,000,000 of 10% debenture bonds on a basis to yield 8%, receiving $3,134,580. Interest is payable semiannual on June 30 and December 31 and the bonds mature in 6 years. The Effective interest method is used.

Reference no: EM13590070

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