Current Attempt in Progress

If bonds are sold at a discount and the straight$-$line method of amortization is used, interest expense in the earlier years will

exceed what it would have been had the effective$-$interest method of amortization been used.

be less than the stated $($nominal$)$ rate of interest.

be the same as what it would have been had the effective$-$interest method of amortization been used.

be less than what it would have been had the effective$-$interest method of amortization been used.

Attempts: $0$ of $1$ used