What is the definition of effective interest rate

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Reference no: EM131106115

1. Access the glossary (Master Glossary) to answer the following.

(a) What does the term "callable obligation" mean?
(b) What is an imputed interest rate?
(c) What is a long-term obligation?
(d) What is the definition of "effective interest rate"? 

Reference no: EM131106115

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