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Question 1 Metlock Company sells 8% bonds having a maturity value of $2,650,000 for $2,356,174. The bonds are dated January 1, 2017, and mature January

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Question 1 Metlock Company sells 8% bonds having a maturity value of $2,650,000 for $2,356,174. The bonds are dated January 1, 2017, and mature January 1, 2022 Interest is payable annually on January 1. Your answer is incorrect. Try again. Determine the effective-interest rate. (Round answer to O decimal places, e.g. 18%) The effective-interest rate LINK TO TEXT

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