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12. Bond prices and maturity dates. Les Company is about to issue a bond with semiannual coupon payments, a coupon rate of 10%, and a

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12. Bond prices and maturity dates. Les Company is about to issue a bond with semiannual coupon payments, a coupon rate of 10%, and a par value of $1,000. The yield to maturity for this bond is 8%. a. What is the bond price if it matures in five, ten, fifteen, or twenty years? b. What do you notice about the bond price in relation to the bond's maturity

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