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Assume the yield to maturity is constant over time. If the price of bond increases over time before it matures. It is a ___________ .

Assume the yield to maturity is constant over time. If the price of bond increases over time before it matures. It is a ___________ . The coupon rate ________ the yield to maturity.

A) premium bond, higher than B) discount bond, lower than C) discount bond, higher than D) premium bond, lower than

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