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For note issued at a discount, interest expense is derived by multiplying the O nominal rate with the face value of the note. O nominal
For note issued at a discount, interest expense is derived by multiplying the
O nominal rate with the face value of the note.
O nominal rate with the carrying value of the note at the beginning of the year.
O effective rate with the face value of the note.
O effective rate with the carrying value of the note at the beginning of the year.
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