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One year ago, the Klipek Company issued 10-year bonds at par. The bonds have a coupon rate of 3.6 percent and pay interest annually. Today,

One year ago, the Klipek Company issued 10-year bonds at par. The bonds have a coupon rate of 3.6 percent and pay interest annually. Today, the market rate of interest on these bonds is 5.4 percent. H...

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