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William Brown Company sells 8% bonds having a maturity value of $1,550,000 for $1,432,484.00. The bonds are dated January 1 , 2025, and mature January

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William Brown Company sells 8% bonds having a maturity value of $1,550,000 for $1,432,484.00. The bonds are dated January 1 , 2025, and mature January 1, 2030. Interest is payable annually on January 1. Click here to view factor tables. (a) Your answer is correct. Determine the effective-interest rate. (Round present value factor to 5 decimal places, e. 3.1.25124 and final answer to 0 decimal places, eg. 18\%. The effective-interest rate William Brown Company sells 8% bonds having a maturity value of $1,550,000 for $1,432,484.00. The bonds are dated January 1 , 2025, and mature January 1, 2030. Interest is payable annually on January 1. Click here to view factor tables. (a) Your answer is correct. Determine the effective-interest rate. (Round present value factor to 5 decimal places, e. 3.1.25124 and final answer to 0 decimal places, eg. 18\%. The effective-interest rate

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