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Bond prices and maturity dates. Les Company is about to issue a bond with semiannual payments, an annual coupon rate of 10%, and a par

Bond prices and maturity dates. Les Company is about to issue a bond with semiannual payments, an annual coupon rate of 10%, and a par value of $1,000. The yield to maturity for this bond is 8%. 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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