Which of the following statements is CORRECT?

Select one:

a. The increases in the market value of financial investments at cost, would be recorded in income

b. The effective interest rate of financial investments at cost is higher than its nominal rate

c. Financial investments at cost do not get adjusted, at year-end, for any increase in value

d. The decreases in the market value of financial investments at cost, would be recorded in equity

e. I want to leave this question blank