As a Bond Approaches Within Weeks of Its Maturity Date

Multiple Choice

As a bond approaches within weeks of its maturity date, its market price

A) Approaches zero
B) Rises or drops below the face value of the bond based on current interest rates
C) Is equal to the face value of the bond plus the total interest earned
D) Approaches the face value of the bond
E) Is equal to the future value of the stream of interest payments