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10-01-2024
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:
a. decline over time, reaching par value at maturity.
b. exceed the face value at maturity.
c. be less than the face value at maturity.
d. increase over time, reaching par value at maturity.

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