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Choose the item that is TRUE regarding bonds. a. The amount of interest paid in...

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Accounting

Choose the item that is TRUE regarding bonds.

a. The amount of interest paid in cash each interest period reflects the market rate of interest.

b. The amount of interest paid in cash each interest period reflects the contractual rate of interest.

c. No interest is paid in cash until maturity.

d. The amount of interest paid in cash each interest period reflects the difference between the market rate of interest and the contractual rate of interest.

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