Business, 28.01.2020 05:31 kenziebug34

Discount-mart issues $20 million in bonds on january 1, 2021. the bonds have a eight-year term and pay interest semi-annually on june 30 and december 31 each year. what is the market annual rate of interest on the bonds?
a. 13%.
b. 12%.
c. 6%.
d. 14%.

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Discount-mart issues $20 million in bonds on january 1, 2021. the bonds have a eight-year term and p...