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As the maturity date of a bond approaches: (Select the best choice below.) A. The bond will always sell at a discount. B. Its price

As the maturity date of a bond approaches: (Select the best choice below.)

A. The bond will always sell at a discount.

B. Its price will not change. C. Default risk increases.

D. The price of the bond approaches its face value.

E. The bond will always sell at a premium.

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