A bond with 14 years to maturity and a coupon rate of 6.375% has a yield to

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A bond with 14 years to maturity and a coupon rate of 6.375% has a yield to maturity of 4.5%. Assuming the bond’s YTM remains constant, the bond’s value as it approaches maturity will most likely

a. increase.

b. decrease.

c. remain constant.

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Fundamentals Of Investing

ISBN: 9781292153988

13th Global Edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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Question Posted: Apr 04, 2024 03:32 AM

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A bond with 14 years to maturity and a coupon rate of 6.375% has a yield to

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Fundamentals Of Investing

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