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Question 3 Not yet answered Marked out of 1.00 Flag question Which one of the followings describes 'pull-to-par' phenomenon? O a. O b. Tendency for bond price to fall near its face value when the market liquidity risk escalates Tondency for bond price to approach its face value when it approaches to its maturity dates Tendency for investors to pull their investments out of junk bonds when market risk increases Od. Tendency for bond price to move in the same direction of the market interest rates Oe. None of the above i Oc.