The spelling of the word "oed" may be puzzling to some because of its unusual arrangement of letters. However, this word is simply an alternative spelling of the word "owed," and uses the same sound for the vowel sound. In IPA phonetic transcription, the sound is represented as /oʊd/, which is a diphthong made up of the sounds /o/ and /ʊ/. This pronunciation is similar to the word "code" or "toad" and helps explain why the "o" is followed by the letter "e" in this spelling variation.
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