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please answer a and b Bond prices and maturity dates. Les...

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Finance

please answer a and b
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Bond prices and maturity dates. Les Company is about to issue a bend with annual counon payments, an annual coupon rate of 9%, and a pat value of $5,000. The yield to matuity for this tond is 8%. a. What is the price of the bond if it matures in 15,20,25,0630 years? b. What do you notice about the price of the bond in relationship to the maturty of the bond? a. What is the price of the bond it it matures in 15 years? (Round to the nearest cent)

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