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Describe the terminology of bonds payable. Include in your discussion the meaning of the following terms: bond discount, bond premium, face amount, bond indenture, present

Describe the terminology of bonds payable. Include in your discussion the meaning of the following terms: bond discount, bond premium, face amount, bond indenture, present value of a bond, convertible bond, and contrast the contract rate of interest vs. the market rate of interest. ( minimum 120 words)

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