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  3. Study Set
    Intermediate Accounting Reporting and Analysis Study Set 1
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    Exam 14: Financing Liabilities: Bonds and Long-Term Notes Payable
  5. Question
    For Bonds, Nominal Rate Is Another Term for Contract Rate
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For Bonds, Nominal Rate Is Another Term for Contract Rate

Question 31

Question 31

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For bonds, nominal rate is another term for contract rate.

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