Question: A bond issued at a discount indicates that at the date of issue: Its stated rate was lower than the prevailing market rate of interest

A bond issued at a discount indicates that at the date of issue: Its stated rate was lower than the prevailing market rate of interest on similar bonds. Its stated rat was higher than the prevailing market rate of interest on similar bonds. The bonds were issued at a price greater than their face value. The bonds must be non-interest bearing

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