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The Amazon Company sells a $200,000, 5 year, 9% interest Bond. Interest is payable 3 times per year. The effective interest rate of similar bonds
The Amazon Company sells a $200,000, 5 year, 9% interest Bond. Interest is payable 3 times per year.
The effective interest rate of similar bonds selling on that day is 12%. Please calculate the price that this bond will sell for on Jan 1, 2021.
Also Produce an effective interest table.
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