When bonds are issued at a discount,the borrower must pay more at maturity than the amount originally received.

Name: When bonds are issued at a discount,the borrower must pay more at maturity than the amount originally received.
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This is because the discount represents the difference between the face value (amount to be paid at maturity) and the amount originally received, and therefore the borrower must pay back the full face value at maturity to satisfy the terms of the bond.

When Bonds Are Issued at a Discount,the Borrower Must Pay