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If the Bonds Were Outstanding Throughout the Year, Which of the Following

Question 26

Multiple Choice

If the bonds were outstanding throughout the year, which of the following rates would be used to translate the company's bond interest expense for the year?


A) US$1 = CDN$0.815
B) US$1 = CDN$0.8175
C) US$1 = CDN$0.825
D) US$1 = CDN$0.83

Correct Answer:

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