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GAAP specifies that, regarding the amortization of a premium or discount on a debt security, the effective-interest method of allocation should be used but other

GAAP specifies that, regarding the amortization of a premium or discount on a debt security, the

effective-interest method of allocation should be used but other methods can be applied if there is no material difference in the results obtained.

This is the correct answer but I need explanation, thanks

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