What is the resulting interest rate often called

Reference no: EM13123476

(a) Identify the authoritative literature that provides guidance on the zero-interest-bearing note. Use some of the examples to explain how the standard applies in this setting.

(b) How is present value determined when an established exchange price is not determinable and a note has no ready market? What is the resulting interest rate often called?

Reference no: EM13123476

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