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You have a bond with 10 years to maturity, a coupon rate of 12%, and a face value of 100.The bond now has YTM of
You have a bond with 10 years to maturity, a coupon rate of 12%, and a face value of 100.The bond now has YTM of 10%.If the YTM remains at 10%, what do you expect will happen to the price of this bond as it gets closer to maturity date?Please explain your answer for full credit.
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