Suppose the market interest rate does not change and the issuer does not default on its bond, which one of the following statements about a premium bonds price is correct?

Group of answer choices

How the bonds price changes over time is unknown because it follows a random walk process.

The bonds price decreases over time until it becomes $1,000 on its maturity date.

The bonds price is unchanged throughout its entire life.

The bonds price increases over time until it becomes $1,000 on its maturity date.