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Master Card and other credit card issuers must by law print the Annual Percentage Rate (APR) on their monthly statements. If the APR is stated

Master Card and other credit card issuers must by law print the Annual Percentage Rate (APR) on their monthly statements. If the APR is stated to be 16.00%, with interest paid monthly, what is the card's EFF%? O a. 16.00% O b. 17.23% O c. 16.64% O d. 16.99% O e. 8.00% Nesmith Corporation's outstanding bonds have a $1,000 par value, an 8% semiannual coupon, 8 years to maturity, and a 12% YTM. What is the bond's price? Round your answer to the nearest cent. $

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