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On January 2, 2021, Lot Company issues $200,000 face value, 6% bonds for $196,000. What can be concluded about the effective (market) rate of interest?
On January 2, 2021, Lot Company issues $200,000 face value, 6% bonds for $196,000. What can be concluded about the effective (market) rate of interest? O It is impossible to determine from the given data. It is equal to 6%. It is more than 6%. It is less than 6%
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