i8ataco i8ataco
  • 13-04-2018
  • Business
contestada

On April 1, Braintree Corporation issued 10%, ten-year, $300,000 bonds at 106. The effective interest rate for these bonds is

a) 4.7%.

b) 9.43%.

c) 10%.

d) 5%

Respuesta :

jaleahalvarez18
jaleahalvarez18 jaleahalvarez18
  • 14-04-2018
i think the answer is B. 9.43%.
Answer Link
liberatoremorgan liberatoremorgan
  • 22-05-2019

Answer:

Explanation:

Interest rate = YTM =  10 + [ 100-106]/10]/ (100+106)/2

Answer Link

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