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Price each bond and explain how the number of years to maturity and the coupon rate affect the current price of bonds. Assume a YTM

  1. Price each bond and explain how the number of years to maturity and the coupon rate affect the current price of bonds. Assume a YTM of 7%.
    1. A 4-year bond with a 9% annual coupon
    2. A 4-year bond with a zero coupon
    3. A 15-year bond with a 9% annual coupon
    4. A 15-year bond with a zero coupon

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