True regarding premium bonds

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Reference no: EM131449128

Which of the following are true regarding premium bonds?

A. They were issued at a time when market interest rates were lower than they currently are.

B. They were issued at a time when market interest rates were higher than they currently are.

C. They refer to bonds whose coupon rate is equal to the YMT.

D. They refer to bonds whose coupon rate is lower than the YMT.

Reference no: EM131449128

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