Question: Amy Co . issues bonds with a face value of $ 6 0 , 0 0 0 for an issuance price of $ 5 5

Amy Co. issues bonds with a face value of $60,000 for an issuance price of $55,204.30. The bonds
make semiannual payments with a stated rate of 4% for 3 years. What is the market rate?
7% annual rate
10% annual rate
8% annual rate
6% annual rate
5% annual rate
Amy Co. issues bonds with a face value of $60,000 for

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