Multiple Choice
What is the purpose of a bond discount?
A) It raises the bond interest rate to the market interest rate at the time the bond was issued.
B) It decreases the bond interest rate to the market interest rate at the time the bond was issued.
C) It increases the periodic cash interest payments paid to those who purchased the bond.
D) It decreases the periodic cash interest payments paid to those who purchased the bond.
Correct Answer:
Verified
Correct Answer:
Verified
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