answer questions A. for 10, 15, 20 and 25 years

then question b.

Question Help Bond prices and maturity dates. Les Company is about to issue a bond with annual coupon payments, an annual coupon rate of 7%, and a par value of $5,000. The yield to maturity for this bond is 6% a. What is the price of the bond if it matures in 10, 15, 20, or 25 years? b. What do you notice about the price of the bond in relationship to the maturity of the bond? a. What is the price of the bond if it matures in 10 years? (Round to the nearest cent) as Enter your answer in the answer box and then click Check Answer 4 parts Clear All Check Answer remaining