Question: A $ 1 0 , 0 0 0 face value bond sells at a $ 2 , 0 0 0 discount. If the bond has

A $10,000 face value bond sells at a $2,000 discount. If the bond has a 6.2% stated rate of interest and a 20 year term to maturity, the effective rate of interest is approximately
9.0%.
6.2%
8.0%.
8.2%
A $ 1 0 , 0 0 0 face value bond sells at a $ 2 ,

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