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beta bought debentures for a face value of R80 000 at a discount of 3%. The coupon rate is 10% p.a. The debentures will be

beta bought debentures for a face value of R80 000 at a discount of 3%. The coupon rate is 10% p.a. The debentures will be redeemed at a premium of 5% after 6 years. calculate the effective interest rate

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