ect all of those that are correct:   A) prices of zero coupon bonds increase as the time to maturity decreases.   B) prices of zero coupon bonds increase as the time to maturity increases.   C) prices of zero coupon bonds converge to the bond's face value as maturity approaches.   D) prior to maturity, the price of a zero coupon bond is less

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Select all of those that are correct:
 
A) prices of zero coupon bonds increase as the time to maturity decreases.
 
B) prices of zero coupon bonds increase as the time to maturity increases.
 
C) prices of zero coupon bonds converge to the bond's face value as maturity approaches.
 
D) prior to maturity, the price of a zero coupon bond is less than the bond's face value
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