semiannualScore: 0 of 5 pts7 of 11 (0 complete)HW Score: 0%, 0 of 55 ptsP6-12 (similar to)Question HelpBond prices and maturity dates. Les Company is about to issue a bond with semiannual coupon payments, an annual coupon rate of 11%, and a par value of $1,000. Theyield to maturity. for this bond is 8%a. What is the price of the bond if it matures in 5, 10, 15, or 20 years?b. What do you notice about the price of the bond in relationship to the maturity of the bond?a. What is the price of the bond if it matures in 5 years?s(Round to the nearest cent. )Enter your answer in the answer box and then click Check Answer.?partsremainingClear AllCheck Answer

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