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On January 1 , 2 0 1 4 , Huff Co . issued a $ 4 , 0 0 0 , 0 0 0 ,

On January

1, 2014,

Huff Co

.

issued a $

4, 000, 000,

zero interest

(0 %), 10 -

year note payable for

2, 575, 711 .

What was the Effective

/

Market Annual interest rate when the note was issued?

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