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a . What is the price of the bond if it matures in 1 5 , 2 0 , 2 5 , or 3 0

.

What is the price of the bond if it matures in

15, 20, 25,

30

years?

.

What do you notice about the price of the bond in relationship to the maturity of the bond?

.

What is the price of the bond if it matures in

15

years?

(

Round to the nearest cent.

)

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