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Explain the effect of this on the life of the bonds

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I need help answering week 2 discussion question in ACCT 221. Thank you for your help.

Discounts and Premiums:

Situation: Bonds are issued at a discount. Explain the effect of this on the life of the bonds, is carrying value of the bonds affected? Is interest expense increased or decreased?

Reference no: EM131745861

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