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For the purchaser of a ten-year term bond, using the effective-interest method would cause net income to decrease each year relative to the previous year

For the purchaser of a ten-year term bond, using theeffective-interest methodwould cause net income to decrease each year relative to the previous year if the bond were purchased at a(n):

Select one:

a.Either Discount or Premium

b.Discount, but not Premium

c.Premium, but not Discount

d.Neither Premium nor Discount

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