Question: Here is your question to solve, due April 8 . A $ 1 4 , 0 0 0 bond has 8 years until maturity with

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 5.8%. Determine its
market price at a semi-annual market rate of 4.8%.
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.

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