Match the following bond and long-term liability related terms to the appropriate definition.
-The interest rate stated on the bond certificate.It is also called the nominal or coupon rate.
A) Long-term liability
B) Face value
C) Debenture bonds
D) Serial bonds
E) Callable bonds
F) Face rate of interest
G) Market rate of interest
H) Bond issue price
I) Premium
J) Discount
K) Effective interest method of amortization
L) Carrying value
M) Gain or loss on redemption
Correct Answer:
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