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an investor buys a 15 year bond at a discount to its face value. If required rates of return remain the same throughout the life

an investor buys a 15 year bond at a discount to its face value. If required rates of return remain the same throughout the life of the bond and the bond issuer is not expected to default, the value of the bond must (rise, stay the same, or fall) as it approaches its maturity dates.

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