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Why is amortization of a bond premium offset against interest expense? a. Because the bond holder paid less than the face value of the bond

Why is amortization of a bond premium offset against interest expense?

a. Because the bond holder paid less than the face value of the bond

b. Because the bond holder paid more than face value of the bond

c. Because interest rates rose after the bond was purchased

d. Because interest rates dropped after bond was purchased

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