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The total return of holding premium bond should be equal to that of discount bond. The reason is that for premium bond, it is expected
The total return of holding premium bond should be equal to that of discount bond. The reason is that for premium bond, it is expected that a ________ each year until maturity; for discount bond, it is expected that a ________ each year until maturity. But the coupon yield runs in reverse direction for both of them. A. capital gain; capital loss B. capital gain; capital gain C. capital loss; capital gain D. capital loss; capital loss
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