Which of the following statements is false? When the market interest rate is higher than the coupon rate, the bond sells at a discount. Bonds can be converted into current liabilities, Bond prices are quoted as a percentage of the face value of the bonds. The effective-interest method allocates the bond premium to the interest expense over the life of the bond. Question 9 (inni A $50,000, 4-month, 8% bank loan was signed on October 1, 2018. What is the amount of accrued interest on December 31, 2018, the companys year-end, if interest is due at maturity? $1,000 $4,000 $1,333 $333