Bond prices and maturity dates. Moore Company is about to issue a bond with monthly mm payments, an annual mpon rate of 11%, and a par value of
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Bond prices and maturity dates. Moore Company is about to issue a bond with monthly mm payments, an annual mpon rate of 11%, and a
par value of $1,000. The yield to maturity for this bond is 13%. a. What is the price of the bond if it matures in 10, 15, 20, or 25 years?
b. What do you notice about the price of the bond in relationship to the maturity of the bond? 3. What is the price of the bond if it matures in 10 years? $D (Round to the nearest cent.)

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