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Issuing bonds payable when the market interest rate is less than the stated interest rate: results in bonds being issued at less than their face
Issuing bonds payable when the market interest rate is less than the stated interest rate: results in bonds being issued at less than their face value raises the effective interest rate above the stated rate of interest results in bonds being issued at a premium. results in bonds being issued at a premium and the effective interest rate is higher than the state O O
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