Question: On Jan. 1 , 2 0 2 3 , an investor purchases the following bond, when the market rate of interest is 8 % :

On Jan. 1,2023, an investor purchases the following bond, when the market rate of interest is 8%: $100,00010-year bond at 6%.As of Dec. 31,2023, what is the effective annual interest rate the investor is receiving on her initial investment in the bond?a.8%b.7%c.6%d. None of the above

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