University of California Prevailing Market Interest Rates Discussion

I’m working on a accounting question and need guidance to help me learn.

Instructions:

• In your own words describe (1) what a bond is (2) what a bond premium and a bond discount are and (3) how bond premiums and discounts affect interest expense.

• Discuss anything that you found particularly interesting, or particularly difficult to understand. This is important as this will help me to help you.
• After you have replied, please respond to at least two of your classmates postings and further discuss this week’s discussion topic with each other.
• Make sure your responses are meaningful and discuss what your classmates have shared and your thoughts on it. Avoid posting short responses like “I agree”.
• If there is anything that your classmates are having trouble understanding and you can help, please do!