Suppose in the preceding problem that the bonds are financed by a bank that discounts the bond
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Suppose in the preceding problem that the bonds are financed by a bank that discounts the bond issue to $40 million. What is the new effective interest rate?
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Related Book For 
Construction Management
ISBN: 9781119256809
5th Edition
Authors: Daniel W. Halpin, Bolivar A. Senior, Gunnar Lucko
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