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  3. for a note issued at a discount, as an interest-be

For a Note issued at a DISCOUNT, as an interest-bearing note, what is the relationship...

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Accounting

For a Note issued at a DISCOUNT, as an interest-bearing note, what is the relationship between the following:
(answer should be <,=, or >)
Stated rate __________Yield/Market Rate
Present Value _________ Face Value

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