VICTONE e TV owing is needed in order to find the present Value UI alongaLION The discount rate of the associated cash flows All debt covenants that are a component of the obligation The gross profit rate of the borrower The rate of inflation during the year Question 2 How is interest expense calculated according to GAAP? Stated rate of interest x maturity value. Effective interest ratex maturity value. Effective interest ratex book value. Stated rate of interest x book value