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1) The present value of a bond's face value is likely to make up a larger portion of the bond's overall market price than the

1) The present value of a bond's face value is likely to make up a larger portion of the bond's overall market price than the present value of its coupons:

a. When the bond is closer to its issue date.

b. When the bond is issued.

c. When the bond is closer to its maturity date.

d. Never, the present value of a bond's coupons will always be a larger portion of a bond's price than the present value of the face value received at maturity.

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