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    Intermediate Accounting Study Set 14
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    Exam 13: Financial Instruments: Long-Term Debt
  5. Question
    The Rate of Interest Specified on the Face of the Debt
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The Rate of Interest Specified on the Face of the Debt

Question 22

Question 22

Multiple Choice

The rate of interest specified on the face of the debt is called the:


A) Stated interest rate.
B) Effective interest rate.
C) Market interest rate.
D) Yield interest rate.

Correct Answer:

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