Question: - Consider a bond with face value F 100 dollars maturing in five years with coupons of C 12 dollars paid annually, the last one

- Consider a bond with face value F 100 dollars maturing

- Consider a bond with face value F 100 dollars maturing in five years with coupons of C 12 dollars paid annually, the last one at maturity. Suppose that the continuous compounding rate is r 8%. Sketch the graph of the price of the coupon bond as function of time. How long will it take for the price of the coupon pond to reach $120 for the first time

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