Question: A Moving to another question will save this response. Question 5 c stion 5 2 points Say BoomBoom Ltd issues 1000 10% debentures at R100

A Moving to another question will save this response. Question 5

A Moving to another question will save this response. Question 5 c stion 5 2 points Say BoomBoom Ltd issues 1000 10% debentures at R100 each. The initial transaction cost is R5000. The debentures mature after 3 years, at a premium of 5%. What is the effective interest rate? Do not type "%". Do not type your answer in decimal e.g: 0,25. Round your percentage to two decimal places. Type decimal by means of a comma e.g: 15,75

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