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Which of the following are characteristics of a premium bond? I. coupon rate < yield to maturity II. coupon rate > yield to maturity III.

Which of the following are characteristics of a premium bond?

I. coupon rate< yield to maturity

II. coupon rate > yield to maturity

III. coupon rate< current yield

IV. coupon rate > current yield

A. I only

B. I and III only

C. I and IV only

D. II and III only

E. II and IV only

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