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Pretzelmania, Incorporated, issues 7%, 15-year bonds with a face amount of $54,000 for $49,378 on...

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Accounting

Pretzelmania, Incorporated, issues 7%, 15-year bonds with a face amount of $54,000 for $49,378 on January 1, 2024. The market interest rate for bonds of similar risk and maturity is 8%. Interest is paid annually on December 31

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