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Viktor Hovland just purchased a bond that has a price of $985. The bond has 20 years to maturity and has a coupon rate of

Viktor Hovland just purchased a bond that has a price of $985. The bond has 20 years to maturity and has a coupon rate of 6%, Which of the following is true? Multiple Choice If the YTM of the bond stays constant, the price of the bond will go up over time. If the YTM of the bond stays constant, the price of the bond will decline over time. This bond is a premium bond. This bond is a par bond

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