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Bond prices and maturity dates Les Company is about to issue a bond with semiannual con payments, an annual con cate of 7%, and a

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Bond prices and maturity dates Les Company is about to issue a bond with semiannual con payments, an annual con cate of 7%, and a new of $5,000 The yield to maturity for this bond is 6% 2. What is the price of the bond it it matures in 10 15 20 of 25 years? b. What do you notice about the price of the bond in relationship to the matunity of the bond? a. What is the price of the bond if it matures in 10 years? (Round to the nearest cent) What is the price of the bond if it matures in 15 years? (Round to the newest cent) 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 it it matures in 25 years? SE (Round to the nearest cent) ect the best response b. What do you notice about the price of the bond in relationship to the maturity of the bond? (Select the best response ) OA. As the time to maturity increases, the price of the bond decreases first and the increases B. As the time to maturity increases the price of the bond increases first and then decreases OC. As the time to maturity increases the price of the bond decreases OD. As the time to maturity increases, the price of the bond increases

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