Explain each of these important terms in issuing bonds: (a) Face value. (b) Contractual interest rate. (c)

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Explain each of these important terms in issuing bonds:
(a) Face value.
(b) Contractual interest rate.
(c) Bond certificate.

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Financial Accounting Tools for business decision making

ISBN: 978-0470534779

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Sep 21, 2011 02:13 PM

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Explain each of these important terms in issuing bonds: (a) Face value. (b) Contractual interest rate. (c)

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a Face value is the amount of principal due at the maturity date b The contractual interest rate i...View the full answer

Financial Accounting Tools for business decision making

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