Question
Which one of the following statements is correct concerning premium bonds? A premium increases when interest rates increase B the coupon rate is less than
Which one of the following statements is correct concerning premium bonds?
A premium increases when interest rates increase
B the coupon rate is less than the current yield
C as the time to maturity decreases the premium increases
D yieldto maturity is less than the coupon rate
E the part Balue exceeds the face value
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Financial Management And Policy
Authors: James C. Van Horne
12th Edition
0130326577, 9780130326577
