Question: On January 1 , 2 0 2 4 , Lyle's Limeade issues 3 % , 2 0 - year bonds with a face amount of

On January 1,2024, Lyle's Limeade issues 3%,20-year bonds with a face amount of $83,000 for $71,647, priced to yield 4%. Interest is paid semiannually.

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