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Suppose that for the multipurpose sports stadium example considered in the text, the bond

Suppose that for the multipurpose sports stadium example considered in the text, the bond

Suppose that for the multipurpose sports stadium example considered in the text, the bond issue was for 40 years and the annual interest rate is 9% of the bond principal. Using the architect’s estimate of cost of $41 million, determine the effective interest rate.
Abhinav 27-Nov-2019

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