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ABC Company receives a four-year, $50,000 non-interest bearing note. The present value is known to be $32,936.50. ABC Company uses the effective interest method to

ABC Company receives a four-year, $50,000 non-interest bearing note. The present value is known to be $32,936.50. ABC Company uses the effective interest method to calculate interest revenue and the carrying value of the note.What is the yield (or market) rate of interest?

Group of answer choices

a) 9%

b) 10%

c) 11%

d) 12%

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