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QUESTION
As you read in Chapter 12, a company records a discount on bond investment when they purchase a bond for which the interest rate is lower than the
As you read in Chapter 12, a company records a discount on bond investment when they purchase a bond for which the interest rate is lower than the market rate. Why would a company do this?
AnswerAs you read in Chapter 12, a company records a discount on bond investmentwhen they purchase a bond for which the interest rate is lower than the marketrate. Why would a company do this?...