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Assume a bond's yield to maturity stays constant over its remaining life. For a discount bond, capital gains yield _____ each year as the bond

Assume a bond's yield to maturity stays constant over its remaining life. For a discount bond, capital gains yield _____ each year as the bond approaches maturity.

a) increases

b) remains unchanged

c) can either increase or decrease, depending on the size of the discount

d) decreases

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