If the bond contract interest rate is greater than that required in the market on the date

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If the bond contract interest rate is greater than that required in the market on the date of issue, what is the effect on the selling price of the bond? Why?

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Accounting Introduction To Financial Accounting

ISBN: 9781517089719

1st Edition

Authors: Henry Dauderis, David Annand

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Question Posted: Apr 26, 2016 09:40 AM

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If the bond contract interest rate is greater than that required in the market on the date

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Accounting Introduction To Financial Accounting

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