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