MCQOPTIONS
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| 1. |
The bond yield remains constant over its life and the discount or premium amount will decrease |
| A. | at an decreasing rate as its life gets shorter |
| B. | at an decreasing rate as its life gets longer |
| C. | at an increasing rate as its life gets shorter |
| D. | at an increasing rate as its life gets longer |
| Answer» D. at an increasing rate as its life gets longer | |