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Present value of note will be based on which interest rate

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Problem 1: ARB Company issues a promissory note to QRS Company for services. The note is not readily marketable, and ARB cannot determine the fair value of the services. The present value of the note will be based on which interest rate?

Select one:
a. Zero-interest-bearing
b. Collateral
c. Stated
d. Imputed

Reference no: EM132984647

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