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8 November, 12:57

On April 1, Braintree Corporation issued 10%, ten-year, $300,000 bonds at 106. The effective interest rate for these bonds is

a) 4.7%.

b) 9.43%.

c) 10%.

d) 5%

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Answers (1)
  1. 8 November, 13:05
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    i think the answer is B. 9.43%.
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