When the required return is constant and equal to the coupon rate, the price of a bond as it approaches its maturity date will

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When the required return is constant and equal to the coupon rate, the bond's price will remain constant and equal to its face value. This is because the interest payments (coupon payments) and the principal payment at maturity will provide the investor with the required return. Therefore, there will be no need for the investor to buy or sell the bond at a price different from its face value.

When the Required Return Is Constant and Equal to the Coupon