If a bond is selling for more than its par value and the market interest rate...

If a bond is selling for more than its par value and the market interest rate remains unchanged during the life of the bond, then as the maturity date approaches, how will the price (value) of the bond change?

	a.	Increase
	b.	Cannot determine
	c.	Remain unchanged
	d.	Decrease

Expert Solution

Answer: Decrease

jeff jeffy answered 2 years ago

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