THIS IS ALL PART OF ONE QUESTION!!! EACH STATEMENT IS ENCOMPASSED IN THE WHOLE QUESTION, PLEASE SELECT AN ANSWER BELOW.

Which of the following statements are true?

1. If bonds were initially issued at a discount, the coupon rate of interest is more than the market rate of interest at the time of issue.

2. If bonds were initially issued at a discount, the interest expense on the bonds calculated using the effective interest method, will increase as the bonds approach their maturity date.

3. Amortization of a premium causes the amount of interest expense to increase.

4. Cash interest payments on bonds equal interest expense on the income statement when there is amortization of a bond premium.

5. The result of using the effective interest method of amortization of a discount on bonds is that the effective interest rate for each amortization period is constant.

Group of answer choices

1, 2, 3, 4

2, 3, 5

3, 4, 5

2, 5

3, 4