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indicate whether each of the following statements about bonds payable is true or false. a) At the time of issue, the effective interest rate of
indicate whether each of the following statements about bonds payable is true or false. a) At the time of issue, the effective interest rate of a particular bond is equal to the market rate of interest for bonds with a similar level of risk b) When bonds are sold at 105, the stated interest rate of the bonds is lower than the market rate for investments with a similar level of risk. c) When bonds are sold at 95, the stated interest rate of the bonds is lower than the market rate for investments with a similar level of risk. d) When bonds are sold at 100, the stated interest rate of the bonds is lower than the market rate for investments with a similar level of risk. .) When bonds are sold at 101, the bonds were issued at a premium
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