If you purchase a bond with a $1,000 face value and 0% coupon rate for $952.38, the effective interest rate is ______.

0 votes
     7.5%
      5.0%
      2.5%
      10%
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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5.0%
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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