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17. (3 points) Which one of the following is true about premium bonds, discount bonds, and par bonds? a. A premium bond at issuance will

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17. (3 points) Which one of the following is true about premium bonds, discount bonds, and par bonds? a. A premium bond at issuance will always be a premium bond before its maturity time. b. A premium bond is a bond whose annual coupon rate is lower than its annual YTM. c. It is possible for a discount bond to become a premium bond in the future before its maturity time. d. None of the above

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