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Question 41 (2 points) Blue Horizons Inc. sells to customers on credit. They charge an APR of 19.2%, compounded monthly, for credit sales. What rate
Question 41 (2 points) Blue Horizons Inc. sells to customers on credit. They charge an APR of 19.2%, compounded monthly, for credit sales. What rate of interest is the firm actually charging its customers (e.g. effective annual rate)? a) 20.98% b) 19.26% c) 18.00% d) 18.92% e) 19.31% Question 42 (2 points) Using the information below, from the Wall Street Journal, what is the price in dollars) a dealer is willing to pay for the bond maturing on 4/15/2017
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