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Which one of the following is needed in order to find the present value of an obligation? The discount rate of the associated cash flows

Which one of the following is needed in order to find the present value of an obligation? 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

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