Bond prices and maturity dates. Les Company is about to issue a bond with monthly couponLOADING... $$payments$,$ an annual coupon rateLOADING... of $12\%,$ and a par valueLOADING... of $$$$1$ comma $000.$ The yield to maturityLOADING... for this bond is $10\%.$

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 maturityLOADING... of the$$ bond?

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Part $1$

a$.$ What is the price of the bond if it matures in $5$years$?$

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enter your response here $($Round to the nearest$$ cent.$)$