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Example 5: Calculating the effective interest rate using a calculator We buy debentures with a face value of C100000 at a discount of 3%. The

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Example 5: Calculating the effective interest rate using a calculator We buy debentures with a face value of C100000 at a discount of 3%. The coupon rate is 12% p.a., payable bi-annually. They are redeemable at a premium of 7% after 5 years. red: Calculate the effective interest rate using a calculator

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