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Which of the Following Are Characteristics of a Premium Bond

Question 26

Multiple Choice

Which of the following are characteristics of a premium bond?
I.coupon rate < yield-to-maturity
II.coupon rate > yield-to-maturity
III.coupon rate < current yield
IV.coupon rate > current yield


A) I only
B) I and III only
C) I and IV only
D) II and III only
E) II and IV only

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