On January 1, 2017, Pharoah Corporation issued $450,000 of 7%bonds, due in 8 years. The bonds were..

On January 1, 2017, Pharoah Corporation issued $450,000 of 7%bonds, due in 8 years. The bonds were..

On January 1, 2017, Pharoah Corporation issued $450,000 of 7%bonds, due in 8 years. The bonds were issued for $478,264, and payinterest each July 1 and January 1. The effective-interest rate is6%.

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