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How the note is issued at

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Reference no: EM132707563

Problem 1: When the stated interest rate is lower than the effective interest rate for a long-term note receivable, the note is issued at:

Group of answer choices

Option 1: a premium

Option 2: a discount

Option 3: face value

Option 4: a value that reflects an average of the stated and effective interest rates

Reference no: EM132707563

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