ben.desire2learn.com ces 1 Benedictine | Chicago Catholic Universities Exam 3- A

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ben.desire2learn.com ces 1 Benedictine | Chicago Catholic Universities Exam 3- Ac Accounting PRINTER VERSION Multiple Choice Question 149 If bonds are issued at a discount, it means that the market interest rate is lower than the contractual interest rate. bondholder will receive effectively less interest than the contractual interest rate. financial strength of the issuer is suspect. market interest rate is higher than the contractual interest rate. ox Cencept se Question alse Question Question Attempts: 0 of 1 used SAVE FOR LAYER Sus

Explanation / Answer

D. market interest rate is higher than the contractual interest rate.

A bond issued at a discount means a bond which is issued for less than its par (or face) value.

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