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When an existing bond becomes a premium bond, it: Select one: a. has a par value that exceeds the market value. b. has a par
When an existing bond becomes a premium bond, it:
Select one:
a. has a par value that exceeds the market value.
b. has a par value that is less than $1,000.
c. has a duration that is less than that required by an investor.
d. pays an adjustable coupon payment.
e. occurs when market interest rates fall and the coupon remains fixed
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