Straight$-$line amortization of a premium related to a bond issuance would result in which of the following?

Multiple Choice

Higher premium amortization would exist in the early years and lower interest expense would result over the life of the bonds.

The constant amount of premium to be amortized would be calculated and then subtracted from cash interest to calculate interest expense.

Interest expense would be calculated by multiplying the market interest rate times the book value of the bonds.

Lower premium amortization would exist in the early years and higher interest expense would result over the life of the bonds.