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In Any Given Interest Period, the Amortization of a Bond

Question 72

Multiple Choice

In any given interest period, the amortization of a bond premium will cause interest


A) expense to be less than interest paid.
B) expense to be greater than interest paid.
C) payable to be less than interest expense.
D) payable to be greater than interest receivable.
E) expense to be equal to interest paid plus the premium amortization.

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