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Bond prices and maturity dates. Moore Company is about to issue a bond with monthly coupon payments, an annual coupon rate of 8%, and a
Bond prices and maturity dates. Moore Company is about to issue a bond with monthly coupon payments, an annual coupon rate of 8%, and a par value of $5,000.The yield to maturity for this bond is 9%
a. What is the price of the bond if it matures in 5,10,15,20 years?
b. hat do you notice about the price of the bond in relation to the maturity of the bond?
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