Solve the implicit interest rate for each of debt instrument

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Problem 1: Solve the implicit interest rate for each of the following debt instruments. Show your calculator inputs

Bonds payable with $100 million face value issued at 91.4 on January 1, 2021 with stated rate of 9%, semiannual interest payments on June 30 and December 31 each year through maturity date of December 31, 2040

Reference no: EM133002839

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