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Please explain briefly that the quotation of the circulation price of premium bonds tends to decrease, while the quotation of the circulation price of discount

Please explain briefly that the quotation of the circulation price of premium bonds tends to decrease, while the quotation of the circulation price of discount bonds tends to increase.

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4. Premium Vs discount bonds Issue price Coupon rate > market rate: premium coupon rate = market rate: parity coupon rate market rate: premium coupon rate = market rate: parity coupon rate

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