What is the price of the bond

Reference no: EM13263160

Bond prices and maturity dates. Les Company is about to issue bond with monthly coupon payments, an annual coupon rate of 12%, and par value of $5,000. The yield to maturity for this bond is 9%.

What is the price of the bond if it matures in 15, 20, 25, or 30 years?

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

Reference no: EM13263160

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