The proceeds from issuing bonds is equal to the present value of the:
A) maturity value of the bonds plus the present value of the periodic interest payments using the stated rate of interest
B) maturity value of the bonds plus the present value of the periodic interest payments using the effective rate of interest
C) maturity value of the bonds less the present value of the periodic interest payments using the effective rate of interest
D) periodic interest payments less the present value of the maturity value of the bonds using the effective rate of interest
Correct Answer:
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