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on a non-interest-bearing note, the interest is discounted from the face amount of the note. The effect is that: a. The effective rate is higher
on a non-interest-bearing note, the interest is discounted from the face amount of the note. The effect is that:
a. The effective rate is higher than the stated rate
b. The stated rate is equal to the effective rate
c. The stated rate is higher than the effective rate
d. The face rate is higher than the yield rate
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Management and Cost Accounting
Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, George Foster
4th edition
1405888202, 978-0273711490, 273711490, 978-1405888202
