Question: Using the effective interest method, amortization of a discount or premium behave in this manner over the life of the outstanding bonds. Multiple Choice Increase

Using the effective interest method, amortization of a discount or premium behave in this manner over the life of the outstanding bonds.
Multiple Choice
Increase for premium bond, decrease for discounted bond
Increase for premium bond, increase for discounted bond
Decrease for premium bond, decrease for discounted bond

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