With an interest-bearing note, the amount of assets received upon issue of the note is generally
A) equal to the note's face value.
B) greater than the note's face value.
C) less than the note's face value.
D) equal to the note's maturity value plus interest.

Question

Quizplus · Accepted Answer

The amount of assets received upon the issue of an interest-bearing note is generally equal to the note's face value, as the interest is paid separately over the life of the note.

With an Interest-Bearing Note, the Amount of Assets Received Upon