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When the required return is constant but different from the coupon rate, the price of a bond as it approaches its maturity date will ________.
Inflation Rates
The rate at which the general level of prices for goods and services is rising, eroding purchasing power.
Money Supplies
The total amount of monetary assets available in an economy at a specific time, including cash, coins, and balances held in bank accounts.
Demand Cycles
Fluctuations over time in the demand for goods or services, often influenced by seasonal trends, economic factors, or consumer preferences.
Product Life Cycles
The stages a product goes through from conception and introduction to the market to growth, maturity, and eventual decline.
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