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All of the Following Statements Are True, Except

Question 66
Multiple Choice

On November 1,2017,FastCare sold $5,000,000 of three-year bonds for $4,750,325. From the proceeds,the company paid accounting fees of 50,000.Interest of 5% is payable annually.What is the effective rate of interest to 2 decimal places? A)7.30% B)5.00% C)4.69% D)3.63%

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Q 67
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Q 68
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Q 69
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