Question: a . 1 0 % bonds with a face amount of $ 3 5 million were issued for $ 3 5 million on October 3

a.10% bonds with a face amount of $35 million were issued for $35 million on October 31,2015. The bonds mature on October 31,2035. Bondholders have the option of calling (demanding payment on) the bonds on October 31,2025, at a redemption price of$35 million. Market conditions are such that the call is not expected to be exercised.

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