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Bond prices and maturity dates Les Company is about to issue a bond with annual 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 annual coupon payments an annual coupon rate of 13% and a par vabe of $5.000. The ye do matury for this bond is a. What is the price of the bond if it mabures in 10, 15, 20, or 25 years? b. What do you notice about the price of the bond in relationship to them of the bond? a. What is the price of the bond ifitmares in 10 years? $ (Round to the nearest cent) What is the price of the bond if matures in 15 years? $ (Round to the nearest cont.) What is the price of the bond if it matures in 20 years? (Round to the nearest cent.) What is the price of the bond if it matures in 25 years? Round to the nearest cent) b. What do you notice about the price of the bond in relationship to the maturity of the bond? (Select the best response.) O A. As the time to maturity increases, the price of the bond increases OB. As the time to maturity increases, the price of the bond decreases OC. As the time to maturity increases, the price of the bond increases first and then decreases. OD. As the time to maturity increases, the price of the bond decreases first and then increases. Click to select your answer(s)

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