Raising funds for major investment

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Reference no: EM131082823

You are the CFO of ADP and you are raising funds for a major investment. Your strategy is to issues bonds of varying maturities to investors. One of the longer term bonds being issued can be purchased for $25,000.00 per bond and pays $1,900.00 annually to the investor. The annual interest rate on this bond is:_____

Reference no: EM131082823

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