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If Microsoft sells a bond with a face value of $ 1 0 , 0 0 0 and agrees to pay $ 8 0 0

If Microsoft sells a bond with a face value of $

10, 000

and agrees to pay $

800

of interest per year to the bond purchasers, what is the interest rate paid on the bond?

Answer

Unselected

8 %

Unselected

9 %

Unselected

10 %

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