Assume that a firm issues bonds at a discount

Amortization of the discount using the effective interest method will result in a smaller reduction of the Bond Discount in each successive period

None of the above statements are correct

Amortization of the discount using the straight line method will decrease the reported interest expense on the income statement

Amortization using the straight line method produces a constant yield on the bonds which will be by definition equal to the market rate

Amortization of bond discount using the effective line method results in an equal interest expense each period