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Consider Aronson and Mill's work on the effects of initiation on the liking of a group from Chapter 5 (Self-justification). Explain the effects and argue whether they should be published in your college newspaper so that all campus groups, social groups, athletic teams and academic clubs would be armed with the knowledge of how to structure their initiation to be the most effective at getting people to like their group. Should they be published in the school newspaper? Why or why not? Should Sherif's work with kids at a summer camp also be included in the article? Why or why not? Be sure to fully explain your reasoning.
Bonds Payable
Long-term liabilities representing money a company must pay back to bondholders, typically including principal and interest.
Semiannual Interest
Interest that is calculated and paid twice a year on an investment or loan.
Bond Discount
The contrast in value between what a bond is worth in terms of its face value and the lesser amount it is sold for in the market.
Interest Method
A method used in finance to calculate the interest portion of a payment or the return on an investment over a period of time.
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