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The interest rate used in the effective interest rate method of bond amortization is the...

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Accounting

The interest rate used in the effective interest rate method of bond amortization is the
a. changing market rate at the beginning of every year of the bonds' life.
b. coupon rate on the face amount of the bonds.
c. market rate on the date the bonds are issued.
d. prime rate of interest offered to banks.
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