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What is the effective interest rate on the bonds? Multiple Choice The face amount of the bond. The present value of the face amount plus

What is the effective interest rate on the bonds?

Multiple Choice

The face amount of the bond.

The present value of the face amount plus the present value of the stream of interest payments.

The total of the face amount plus all interest payments.

The face amount of the bond plus the present value of the stream of interest payments.

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