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Matthew Young Company sells 9 % bonds having a maturity value of $ 2 , 3 0 0 , 0 0 0 for $ 2
Matthew Young Company sells bonds having a maturity value of $ for $ The bonds are dated January and mature January Interest is payable annually on January
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Determine the effectiveinterest rate. Round present value factor to decimal places, eg and final answer to decimal places, eg
The effectiveinterest rate
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