Help with accounting

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

On April 1, Braintree Corporation issued 10%, ten-year, $300,000 bonds at 106. The effective interest rate for these bonds is
A. 10%.
    
B. 9.43%.
    
C. 4.7%.
    
D. 5%.

May 5th, 2015

Answer 

B. 9.43%.


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May 5th, 2015

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May 5th, 2015

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