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Discount-Mart Issued Ten Thousand $1,000 Bonds on January 1, 2018

Question 63

Multiple Choice

Discount-Mart issued ten thousand $1,000 bonds on January 1, 2018. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Discount-Mart issued ten thousand $1,000 bonds on January 1, 2018. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. -What is the effective annual rate of interest on the bonds? A) 3%. B) 4%. C) 6%. D) 8%.
-What is the effective annual rate of interest on the bonds?


A) 3%.
B) 4%.
C) 6%.
D) 8%.

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