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Bonds dated June 1 with a face value of $100,000 that are issued for $99,400 on June 1 have a stated interest rate

Select one:

a. that is equal to the yield rate

b. that may be more or less than the yield rate, but there is not enough information given to determine which

c. that is more than the yield rate

d. that is less than the yield rate

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  • Category:- Accounting Basics
  • Reference No.:- M946043

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