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QUESTION

The market and bond interest rates have dropped significantly since the Series One Bonds were issued.

The market and bond interest rates have dropped significantly since the Series One Bonds were issued. The Series One Bonds (200,000) are callable bonds and because the current interest rates are much lower than the rates that the company is currently paying. The bonds are retired toady at a price of 103 (check number 01023). Can someone help me with this question.

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