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Economics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0078021800Economics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0078021800 Exercise 5
How much is the effective, or market, interest rate on a bond that has a face value of $1,000 and a selling price of $1,200 and that pays $120 interest?
Explanation
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Bonds are government securities which ar...
Economics 11th Edition by Stephen Slavin
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