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For a bond issued at a premium: A. Net book value increases over time B. Net book value decreases over time C. Coupon payment is
For a bond issued at a premium:
A. | Net book value increases over time | |
B. | Net book value decreases over time | |
C. | Coupon payment is greater than interest expense | |
D. | Coupon payment is lower than interest expense | |
E. | B and C |
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