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  1. A P 1,000,000 issue of 3%, 15-year bond was sold at 95%. What is the rate of interest of this investment?

    2. A.

     3.0%
    B.

     3.4%
    C.

     3.7%
    D.

     4.0%

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    Answer : Option A

    Explanation :

    Explanation Not Provided

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