When determining the amount of interest to be paid on a bond,which of the following information is not necessary?
A)The face amount of the bonds
B)The selling price of the bonds
C)The face rate of interest on the bonds
D)The length of the interest period,annually or semiannually

Question

Quizplus · Accepted Answer

The selling price of the bonds is not necessary to determine the amount of interest to be paid. Interest payments are calculated based on the face amount of the bond and the face rate of interest, not the selling price.

When Determining the Amount of Interest to Be Paid on a Bond,which