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Supreme Autoparts Inc. issued $110,000 of 7%, five-year bonds at a price of 89 on...

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Accounting

Supreme Autoparts Inc. issued $110,000 of 7%, five-year bonds at a price of 89 on January 31,20X1(Note: When the issue price of bonds is provided, as in this case, you do not need to calculate it yourself, just use the stated price.). The market interest rate at the date of issuance was 10%, and the standard bonds pay interest semi-annually. Solve the third requirements
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