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QUESTION 9 On January 1, 2020, $3,000,000, 10-year, 10% bonds, were issued at 97. What is the effective interest rate on the bonds? O 9.7%
QUESTION 9 On January 1, 2020, $3,000,000, 10-year, 10% bonds, were issued at 97. What is the effective interest rate on the bonds? O 9.7% O 10% O 10.3% O 10.6%
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Managerial Accounting
Authors: Ray H. Garrison, Alan Webb, Theresa Libby
12th Canadian Edition
1260193276, 978-1260193275
