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If you are holding a discount bond, you must expect a _____ each year until maturity, If you are holding a premium bond, you must
If you are holding a discount bond, you must expect a _____ each year until maturity, If you are holding a premium bond, you must expect a _____ each year until maturity (Assuming no change in YTM over the life of the bond).
a. capital gain; capital loss
b. capital gain; capital gain
c. capital loss; capital gain
d. capital loss; capital loss
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