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1. Fisher Group offers credit to its customers and charges interest of 2 percent per month. What is the annual percentage rate? 2. A bond

1. Fisher Group offers credit to its customers and charges interest of 2 percent per month. What is the annual percentage rate?

2. A bond currently has a yield to maturity of 8 percent. The bond matures in 3 years and pays interest semi-annually. The coupon rate is 7 percent. What is the current price of this bond?

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