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Nine years ago, Elite Elements issued a 20-year bond with a$1,000 face value and a 6 percent coupon rate of interest (paidsemiannually). If investors require

Nine years ago, Elite Elements issued a 20-year bond with a$1,000 face value and a 6 percent coupon rate of interest (paidsemiannually). If investors require a return equal to 9 percent toinvest in 2 answers

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