a Why do non-interest-bearing notes have a smaller value at time of issue than at time of

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a Why do non-interest-bearing notes have a smaller value at time of issue than at time of maturity?

b A call premium is the difference between the call price of a bond and its par value. What is the purpose of such a premium?

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Financial Accounting An Introduction To Concepts Methods And Uses

ISBN: 9780030452963

2nd Edition

Authors: Sidney Davidson, Roman L. Weil, Clyde P. Stickney

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