Question: Legacy issues $ 3 2 5 , 0 0 0 of 5 % , four - year bonds dated January 1 , 2 0 2

Legacy issues $325,000 of 5%, four-year bonds dated January 1,2021, that pay interest semiannually on June 30 and December 31. They are issued at $292,181 when the market rate is 8%.

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