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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

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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 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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