QUESTION 48 What is the effective interest rate (rounded) on a 3-month, noninterest-bearing note with a stated rate of 12% and a maturity value a O 12.4%. 0 13.6% O 11.5% O 3.1%. QUESTION 49 Bonds usually sell at their: Maturity value. Face value. o Present value. Statistical expected value. QUESTION 50 Which of the following is the best definition of a current liability? An obligation payable within one year. An obligation payable within one year of the balance sheet date. An obligation payable within one year or within the normal operating cycle, whichever is longer. An obligation expected to be satisfied with current assets or by the creation of other current liabilities. QUESTION 48 What is the effective interest rate (rounded) on a 3-month, noninterest-bearing note with a stated rate of 12% and a maturity value a O 12.4%. 0 13.6% O 11.5% O 3.1%. QUESTION 49 Bonds usually sell at their: Maturity value. Face value. o Present value. Statistical expected value. QUESTION 50 Which of the following is the best definition of a current liability? An obligation payable within one year. An obligation payable within one year of the balance sheet date. An obligation payable within one year or within the normal operating cycle, whichever is longer. An obligation expected to be satisfied with current assets or by the creation of other current liabilities