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??????? Seven years ago, Novak Corporation issued 20 -year bonds that had a ( $ 1,050 ) face value, paid interest annually, and had a

??????? Seven years ago, Novak Corporation issued 20 -year bonds that had a \( \$ 1,050 \) face value, paid interest annually, and had a coupon rate of 8 percent. If the market rate of interest is \( 4.5 \) p 2 answers

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