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Bond prices and maturity dates. Les Company is about to issue a bond with quarterly coupon payments, an annual coupon rate of 13%, and a

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Bond prices and maturity dates. Les Company is about to issue a bond with quarterly coupon payments, an annual coupon rate of 13%, and a par value of $5,000. The yield to maturity for this bond is 11%. a. What is the price of the bond if it matures in 5, 10, 15, or 20 years? b. What do you notice about the price of the bond in relationship to the maturity of the bond

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