Which interest rate implicit in the lease is discount rate

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problem 1. The interest rate implicit in the lease is the discount rate that causes the aggregate of the present value of the minimum lease payments and the unguaranteed residual value to equal the

a. Fair value of the leased asset
b. Fair value of the leased asset and initial direct costs of the lessor
c. Fair value of the leased asset and initial direct costs of the lessee
d. Gross investment in the lease

Reference no: EM132783341

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