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Suppose a mutual fund that invests in bonds purchased a bond when its yield to maturity is higher than the coupon rate. The investor should

Suppose a mutual fund that invests in bonds purchased a bond when its yield to maturity is higher than the coupon rate. The investor should expect the bonds price to:

be less than the face value at maturity.

increase over time, reaching par value at maturity.

decline over time, reaching par value at maturity.

exceed the face value at maturity.

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