Compute the effective rate of interest on the following long-term debts. Interest payments on the notes made
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Compute the effective rate of interest on the following long-term debts. Interest payments on the notes made annually, and interest payments on the bonds are made semiannually
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Fair Market Value of Receipt Note Note Note Bond Stated Debt Face Value S 10,000 Interest Rate Life 8% 6 years 8 years 5 years 10 years 15 years S10.000 35,056 922 100,000 1,000 10,000 50,000 11,635 54,323 Bond
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