Problems Chapter 6 e.edu

The longer the maturity of a bond selling at a discount, all else held constant, the lower the price of the bond! Les Company is about to issue a bond with semi-annual coupon payments, a coupon rate of 10% and par value of $1,000. The yield-to-maturity for this bond is 8%. What is the price of the bond if the bond matures in 5, 10, 15, or 20 years? ................
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