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Suppose YTM remains unchanged ) If an investor purchases a bond when its current yield is lower than the coupon rate, then the bond's price
Suppose YTM remains unchanged If an investor purchases a bond when its current yield is lower than the coupon rate, then the bond's price will be expected to:
increase over time, reaching par value at the maturity.
have YTM larger than the coupon rate.
decrease over time, reaching par value at the maturity.
have YTM larger than the current yield.
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