A bonds price moves to par value as it approaches maturity, Financial Management

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A bonds price moves to par value as it approaches maturity

Which of the following is TRUE? Select one: a. A bond's price moves to par value as it approaches maturity b. The shorter a bond has to maturity, the less sensitive the bond's price is to changes in market interest rates c. The longer a bond has to maturity, the more sensitive the bond's price is to changes in market interest rates d. Both b &c e. All of the above

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Financial Management: A bonds price moves to par value as it approaches maturity

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