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A Premium Bond... ...is priced under par value because the coupon rate is less than the required return. ...is priced over par value because the
A Premium Bond... ...is priced under par value because the coupon rate is less than the required return. ...is priced over par value because the coupon rate is greater than the required return. ...is priced under $1,000 because the coupon payment only happens once a year. ...is priced over $1,000 because the annual coupon is less than $10
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