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General Investment Co

Question 19

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General Investment Co.(GIC)purchased bonds on January 1,2012.GIC's accountant has projected the following amortization schedule from purchase until maturity:
General Investment Co.(GIC)purchased bonds on January 1,2012.GIC's accountant has projected the following amortization schedule from purchase until maturity: What is the annual market interest rate on the bonds? A)4%. B)3.5%. C)7%. D)8%.
What is the annual market interest rate on the bonds?
A)4%.
B)3.5%.
C)7%.
D)8%.

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