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bond prices and maturity dates. Moore Company is about to issue a bond with a quarterly coupon payments, an annual coupon rate of 7%, and

bond prices and maturity dates. Moore Company is about to issue a bond with a quarterly coupon payments, an annual coupon rate of 7%, and par value of $1,000. The yield to maturity for this bond is 10%.

a. What is the price of the bond if it matures in 10,20,25, or 30 years?

b. What do you notice about the price of the bond in relationship to the maturity of the bond?

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