Question
The contract interest rate for bonds _________. must equal the effective interest rate will fluctuate over the life of the bond has no relation to
The contract interest rate for bonds _________.
must equal the effective interest rate
will fluctuate over the life of the bond
has no relation to the cash flow associated with a particular bond
is greater than the effective interest rate when bonds are issued at a premium
none of these
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Financial accounting
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
8th Edition
9780135114933, 136108865, 978-0136108863
