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$900,000 and a stated interest rate of 15 percent in exchange for amachine with a fair value of $1,000,000. Compute the effective interest ratefor Cornell

$900,000 and a stated interest rate of 15 percent in exchange for amachine with a fair value of $1,000,000. Compute the effective interest ratefor Cornell Corp.a. 16.67 percentb. 15.0 percentC. 3.5 percentd. 11.11 percent

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