The semiannual 8-year bonds of alto music are selling at a
The semiannual, 8-year bonds of Alto Music are selling at a price of $1,010. The bonds have a maturity value of $1,000 and have an effective annual yield of 8.6 percent. What is the stated rate of interest on the bonds?
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the semiannual 8-year bonds of alto music are selling at a price of 1010 the bonds have a maturity value of 1000 and
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