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On January 1, 2020, Novel Company issued $500,000, 6-year, 6% bonds for $ $552,421. The interest payments are due on December 31. The market rate
On January 1, 2020, Novel Company issued $500,000, 6-year, 6% bonds for $ $552,421. The interest payments are due on December 31. The market rate is 4%. What is the net book value of the bonds after the first interest payment is made on December 31, 2020? Choose the closest answer. O $522,421 O $574,518 O $560,324 O $544,518 O $500,000
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