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On June 3 0 , 2 0 1 9 , Gaston Corporation sold $ 6 3 0 , 0 0 0 of 9 % face
On June Gaston Corporation sold $ of face value bonds for $ On December Gaston sold $ of this same bond issue for $ The bonds were dated January pay interest semiannually on each December and June and are due December
Required:
Compute the effective yield rate on each issuance of Gaston's bonds. Click here to access the tables to use with this problem. Round your answers to the nearest whole percentage.
June issuance: fill in the blank
December issuance: fill in the blank
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