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On January 1, 2013, Krammer Company Issued Five-Year, $50,000,000, 10

Question 116

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On January 1, 2013, Krammer Company issued five-year, $50,000,000, 10% percent notes at 103. The premium was $1,500,000. Interest is paid semiannually on June 30 and December 31.
Required:
On January 1, 2013, Krammer Company issued five-year, $50,000,000, 10% percent notes at 103. The premium was $1,500,000. Interest is paid semiannually on June 30 and December 31. Required:

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