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A large department store issues bonds with a maturity date that is 20 years after the issuance date. If the bonds are issued at a

A large department store issues bonds with a maturity date that is 20 years after the issuance date. If the bonds are issued at a discount, at the date of issuance, the: a. stated rate exceeds the effective rate. b. nominal rate exceeds the yield rate. c. nominal rate and the stated rate are equal. d. effective yield rate exceeds the stated rate.

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