Question: Amortizing a bond premium will _ _ _ _ _ _ the premium balance and _ _ _ _ _ _ the carrying value of
Amortizing a bond premium will the premium balance and the carrying value of the bond so that when the bond matures the carrying value will the face value.
Multiple choice question.
increase; increase; equal
decrease; increase; equal
decrease; decrease; equal
decrease; increase; be greater than
decrease; decrease; be less than
increase; decrease; be greater than
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