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This is probably a no brainer but for some reason bonds just stump me and I can’t think of it logically lol.
Why would the issuer want a discount if that means they are getting less money than the face amount?
ex. Cash 120,000
Discount 120,000
Bonds Payable 120,000FAR - 76AUD - 89
BEC - 84
REG - 86
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