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Which of the following is (are) false? 1. Failure to comply with a debt covenant results in a bond having to be paid back immediately.

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Which of the following is (are) false? 1. Failure to comply with a debt covenant results in a bond having to be paid back immediately. II. The amount of interest expense recorded by a company that issued bonds will be affected by increases or decreases in the market interest rate (the discount rate) after the bonds are issued. III. The amount of cash received by a company when it issues bonds will affect how much interest expense the company pays in cash every year

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