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Discount-mart issues 10 million in bonds on january 1 2012

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Discount-Mart issues $10 million in bonds on January 1, 2012. The bonds have a ten-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: What is the stated annual rate of interest on the bonds?

Reference no: EM13594978

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