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What happens to the price of both premium bonds and discount bonds as time progresses? They both decline in value They both converge on
What happens to the price of both premium bonds and discount bonds as time progresses? They both decline in value They both converge on par as maturity approaches They both have unpredictable price movements based only on interest rate movements They both rise in value
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Financial Theory and Corporate Policy
Authors: Thomas E. Copeland, J. Fred Weston, Kuldeep Shastri
4th edition
321127218, 978-0321179548, 321179544, 978-0321127211
