Why does the price of the bond decline for premium bonds, Finance Basics

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Why does the price of the bond decline for premium bonds

Question: Why does the price of the bond decline (for premium bonds) and increase (for discount bonds) as maturity nears? Be specific in referring to bond characteristics (i.e., cash flows). The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: Why does the price of the bond decline for premium bonds

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