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Topic
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One of my Becker MCQs:
When debit is issued at a discount, interest expense over the term of debt equals the cash interest paid:
plus discount
For some reason, my mind constantly thinks that I should be subtracting the discount. Would somebody possibly try to help me understand why I am adding the discount?
Also (maybe this is a silly question), should I assume that they are asking about the bond issuer or bond holder? Or would the discount count be added for both the issuer and the holder?
AUD - 88
BEC - 81
FAR - 69
REG - 75REG - 75
BEC - 70,64,81
FAR - 67,69
AUD - 88REG - 75
BEC - 70, 64, 81!!!!
FAR - 67, 69, retake: Oct 2016
AUD - 8/25/16
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