Here is your question to solve, due April $8.$

A $$14,000$ bond has $8$ years until maturity with a

semi$-$annual coupon rate of $5\mathrm{.}8\%.$ Determine its

market price at a semi$-$annual market rate of $4\mathrm{.}8\%.$

Show how the market price changes if there are

$11,5$ or $1$ years left until maturity? What patterns

are noticeable and why? Use appropriate

terminology.