Question
When the market rate of interest is greater than the face rate of interest; the cash proceeds will be ______ than the face value and
When the market rate of interest is greater than the face rate of interest; the cash proceeds will be ______ than the face value and the difference between the proceeds and the face value is called a _____.
Options:
greater, premium
less, premium
greater, discount
less, discount
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Financial Accounting A Global Perspective
Authors: Robert Libby, Patricia Libby, Daniel G Short
5th Edition
0071107746, 978-0071107747
