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CPA - FAR > Bonds > Flashcards

Bonds Flashcards

1
Q

how long is “current” in a current asset?

A

longer of 1 operating cycle or 1 year

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2
Q

how is the MARKET price of a bond determined?

A

present value of principal + present value of all future interest payments at the market/effective interest rate

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CPA - FAR (9 decks)

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