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A 9 percent annual-pay coupon bond that matures 10 years from today has a required return of 8 percent. As time elapses, holding the required

A 9 percent annual-pay coupon bond that matures 10 years from today has a required return of 8 percent. As time elapses, holding the required return constant, the price of the bond will: Select one: a. decrease b. increase c. remain the same d. fluctuate randomly

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