Discount-Mart issued ten thousand $1,000 bonds on January 1,2021 . The bonds have a 10...
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Discount-Mart issued ten thousand $1,000 bonds on January 1,2021 . The bonds have a 10 -year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. What is the effective annual rate of interest on the bonds? 3% 4% 6%. 8%
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