Regardless of an assisted living community's fee structure, when choosing a senior living residence, it is important to consider the quality of care, how the resident adapts to the new environment and the long-term affordability of the community.
When a bond is issued at a premium, that means that the bond is sold for an amount greater than the bond's face value. This generally means that the bond's contract rate is greater than the market rate.
A premium bond will have a lower current yield compared to it's coupon rate and a discount bond will have a higher current yield than it's nominal rate. A bonds current status is fairly unimportant. Most bonds are held to maturity, sold or called away. In the end, it is income, price and ytm.