How does issuing bonds at a premium or discount adjust the contract rate to the applicable market

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How does issuing bonds at a premium or discount "adjust the contract rate to the applicable market rate of interest"?

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Financial Accounting

ISBN: 9781618533111

6th Edition

Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman

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Question Posted: Oct 20, 2021 08:44 AM

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How does issuing bonds at a premium or discount adjust the contract rate to the applicable market

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The contract rate or stated rate or coupon rate determines th...View the full answer

Financial Accounting

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