Question: When using the effective-interest method of amortization, the book value of a bond changes by what amount on each interest payment date? a. Interest expense.

When using the effective-interest method of amortization, the book value of a bond changes by what amount on each interest payment date?
a. Interest expense.
b. Cash interest payment.
c. The difference between interest expense and the cash interest payment.
d. None of the above.

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