Which of the following statements about corporate bonds is true?

Group of answer choices

Interest expense on an interest$-$bearing bond is calculated using the book value of the bond at the beginning of the period times the effective market rate at issuance.

Interest expense on an interest$-$bearing bond is calculated using the book value of the bond at the beginning of the period times the coupon rate.

Cash interest on an interest$-$bearing bond issued at a discount is calculated using the book value of the bond at the beginning of the period times the coupon rate.

A zero$-$coupon bond bears no interest expense.