Question
If we assume that the required rate of return on a bond remains constant, what will happen to the price of a bond over time
If we assume that the required rate of return on a bond remains constant, what will happen to the price of a bond over time as the bond approaches the date of maturity if the bond initially sold at a premium?
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
8th Edition
9781118139424, 9781118139431, 470635290, 1118139429, 1118139437, 978-0470635292
