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Posted on Jul 27, 2024

If an investor purchases a bond when its current yield is higher than the coupon rate, then the bond's price will be expected to: A)

If an investor purchases a bond when its current yield is higher than the coupon rate, then the bond's price will be expected to:

A) increase over time, reaching par value at maturity

B) exceed the face value at maturity

C) be less than the face value at maturity

D) decline over time, reaching par value at maturity

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