The bond rate is closest, A $10,000 mortgage bond that is

The bond rate is closest

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Reference no: EM13771374

A $10,000 mortgage bond that is due in 20 years pays interest of $250 every 6 months. The bond rate is closest to

2.5% per year, payable quarterly

5.0% per year, payable quarterly

5% per year, payable semiannually

10% per year, payable quarterly

Reference no: EM13771374

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