Question 6 of 50. Bruce paid a premium for a corporate bond when he purchased it for $17,813 on the secondary market. The bond, which matures in ten years, has a par value of $16,750. If Bruce does NOT elect to amortize the cost of the premium each year, how does he report the premium on his tax return? For each year that he owns the bond, he reports a $106.30 adjustment to interest. He will have a $1,063 capital gain upon maturity. He will have a $1,063 capital loss upon maturity. He will report $1,063 in taxable interest for the year upon maturity. Mark for follow up