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Is the annual market interest rate 4% ((7790/194758)100) Absolute Investment Company (AIC) purchased bonds...

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Accounting

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Is the annual market interest rate 4%

((7790/194758)100)

Absolute Investment Company (AIC) purchased bonds on January 1, 2024. AIC's accountant has projected the following amortization schedule from purchase until maturity: What is the annual market interest rate on the bonds

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