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please show work/equations used, thank you. Bond prices and maturity dates. Les Company is about to issue a bond with monthly coupon payments, an annual
please show work/equations used, thank you.
Bond prices and maturity dates. Les Company is about to issue a bond with monthly coupon payments, an annual coupon rate of 13%, and a par value of $5,000. The yield to maturity for this bond is 12%. a. What is the price of the bond if it matures in 15, 20, 25, or 30 years? b. What do you notice about the price of the bond in relationship to the maturity of the bondStep by Step Solution
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