Predict the product for the following reaction and provide a curved arrow mechanism for the formation of the product. 
Definitions:
Bonds Payable
A liability account in a company's balance sheet representing the amount it owes on issued bonds that have not yet been repaid.
Interest Expense
The cost incurred by an entity for borrowed funds, which is considered a non-operating expense on the income statement.
Effective Interest Method
A way of amortizing bond premiums or discounts over the bond's life that reflects the constant yield to maturity.
Premium Amortization
The process of gradually writing off the initial premium paid on a bond above its par value over the life of the bond.
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