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Home Q & A Board Other Fields Homework Help Business Accounting
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ʎddɐɥ ʎddɐɥ
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7 years ago
Amber Corporation sells 1,000, 9%, 3-year, $1,000 bonds on January 1, 2005, for $963,040. The bonds pay interest semi-annually. What is the effective interest rate?
A) 10.50%
B)   9.00%
C) 10.47%
D) 11.76%
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hol23hol23
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#1
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7 years ago
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ʎddɐɥ Author
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7 years ago
this is exactly what I needed
apelton
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Yesterday
Helped a lot
ky
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2 hours ago
Thank you, thank you, thank you!
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