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  • 23-12-2022
  • Business
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Suppose a mutual fund that invests in bonds purchased a bond when its yield to maturity is higher than the coupon rate. The investor should expect the bond’s price to:
exceed the face value at maturity.
decline over time, reaching par value at maturity.
increase over time, reaching par value at maturity.
be less than the face value at maturity.

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