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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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