In 2010, Peter sold bonds, each had a face value $1, 000 and coupon payments of $100
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Question:
In 2010, Peter sold bonds, each had a face value $1, 000 and coupon payments of $100 per year.
Peter received $973 for each bond. What was the market rate of interest in 2010?
A. 9%
B. 9.73%
C. 10%
D. 10.4%
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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