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a series of $1,000 par value bonds outstanding. Each bond pays interest semi-annually and carries an annual coupon rate of 6%. Some bonds are due

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a series of $1,000 par value bonds outstanding. Each bond pays interest semi-annually and carries an annual coupon rate of 6%. Some bonds are due in 4 years, while others are due in 10 years. If the required rate of return on bonds is 10%, what is the current price of: a) the bonds with four years to maturity? b) the bonds with 10 years to maturity? c) Explain the relationship between the number of years until a bond matures and its price

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