Bond Prices Consider a bond that pays a $40 coupon every year and has a face value of $1000. Find the price of the bond for the following cases in the next Table. What relationship do you observe between years to maturity, yield to maturity, and the price? Why is the price bigger than $1000 in some cases and smaller than $1000 in others?

Maturity YtoM

2. 2%

2 4%

3 4%

5 2%

5 6%

Any help on this would be appreciated, please solve by formula and not excel