Question

Which of the following is NOT CORRECT about value of a bond?
i. If the bond is at discount, the price will decline over time towards its par value
ii. If a bond is at par, its price will remain the same till the maturity
iii. A zero coupon bond has only one cash flow

A Only i
B Only i and ii
C Only ii & iii
D Only iii
E All the above are correct
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