Question
Suppose a bond is purchased at a discount and YTM does not change throughout the life of the bond. As the bond gets closer to
Suppose a bond is purchased at a discount and YTM does not change throughout the life of the bond. As the bond gets closer to maturity, the price of the bond _____.
| A. | decreases | |
| B. | stays the same | |
| C. | increases |
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th Edition
1260772381, 978-1260772388
