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Acc 211 ch 13-15 - Multiple Choice Write the letter of the...

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Multiple Choice. Write the letter of the best answer. 3 points each. 1._____ Interest expense is: A) The effective interest rate times the amount of the debt outstanding during the interest period. B) The stated interest rate times the amount of the debt outstanding during the interest period. C) The effective interest rate times the face amount of the debt. D) The stated interest rate times the face amount of the debt. 2._____ In theory, the proceeds from the sale of a bond issue will be equal to: 3._____Bond X and bond Y are both issued by the same company. Each of the bonds has a maturity value of $100,000 and each mature in 10 years. Bond X pays 8% interest while bond Y pays 9% interest. The current market rate of interest is 8%. Which of the following is correct?
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