Question: Calculate the value of a bond that will mature in 14 years and has 41,000 face value. The annual coupon rate is 7% and the

Calculate the value of a bond that will mature in 14 years and has 41,000 face value. The annual rate is 7% and the investor has required rate of return is 10%. What happens to the price of this bond as it approaches maturity? What happens to the price of the bond if the market rate of return increases?

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