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5/9/2013 · ? The following transactions were completed by Simmons Inc., whose fiscal year is the calendar year: July 1. Issued $64,000,0000 of 10-year, 12% callable bonds dated July 1, 2012, at a market (effective) rate of 14%, receiving cash of $57,219, 878. Interest is payable semiannually on December 31 and June 30.

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