Attaching the Red Hat Enterprise Linux Server, Premium (Physical Node with up to 1 Virtual Node) subscription to a VM rather than to a physical system hosting a VM

Solution Verified - Updated -

Issue

Can the Red Hat Enterprise Linux Server, Premium (Physical Node with up to 1 Virtual Node) subscription be attached directly to a virtual machine rather than to a physical server hosting a virtual machine?
If so, would you please explain the specific procedure to have the subscription attached to the virtual machine?

Environment

Red Hat Enterprise Linux

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