Question
15. Which of the following is a normal characteristic in a bond contract a. The interest rate is fixed b. Interest is paid semi-annually
15. Which of the following is a normal characteristic in a bond contract a. The interest rate is fixed b. Interest is paid semi-annually c. Principal is paid at the end of the bond term d. The bond term is greater than five years e. All of the above are normal f. More than one but not all are normal
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Governmental and Nonprofit Accounting
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