How can there be interest expense each period for non-interest bearing bonds if there are no interest

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How can there be interest expense each period for non-interest bearing bonds if there are no interest payments?

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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Question Posted: Sep 22, 2015 03:07 AM

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How can there be interest expense each period for non-interest bearing bonds if there are no interest

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Since zerocoupon bonds have a zero percent interest rate t...View the full answer

Cornerstones of Financial and Managerial Accounting

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