On January 1, 2016, ABC Company issued $450,000 of 10-year, 9% bonds. The interest is payable semi-annually on June 30 and December 31. The market interest rate is 6%. The effective-interest method of amortization is used Which of the following statements is INCORRECT? O A. The amortization of the premium on bonds payable will increase as the bond matures. OB. The interest expense will decrease as the bond reaches maturity. OC. The market rate of interest on the sale date was less than the coupon rate of interest. OD. The book value of the bond will increase as the bond reaches maturity