Describe the following terms as they relate to bond prices: par, premium, and discount.

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Understanding Financial Accounting

ISBN: 978-1118849385

1st Canadian Edition

Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald

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Question Posted: Jun 12, 2015 12:33 AM

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Describe the following terms as they relate to bond prices: par, premium, and discount.

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The par value of a bond is the same as its face value and maturity value Most individual bonds have ...View the full answer

Understanding Financial Accounting

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