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BTN 10-4 Your business associate mentions that she is considering investing in corporate bonds currently selling at a premium. She says that since the bonds

BTN 10-4 Your business associate mentions that she is considering investing in corporate bonds currently selling at a premium. She says that since the bonds are selling at a premium, they are highly valued and her investment will yield more than the going rate of return for the risk involved.

Reply with a memorandum to confirm or correct your associate's interpretation of premium bonds.

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