Which of the following is correct about the effective-interest method of amortizationWhich of the following is correct about the effective-interest method of amortization?
Question 16 options:

The effective interest method applied to investments in debt securities is different from that applied to bonds payable.

Amortization of a discount decreases from period to period.

Amortization of a premium decreases from period to period.

The effective-interest method produces a constant rate of return on the book value of the investment from period to period.