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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

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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 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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