The Nickelodeon Manufacturing Co.has a series of $1,000 par value bonds outstanding.Each bond pays interest semi annually and carries a coupon rate of 7%.Some bonds are due in 3 years while others are due in 10 years.If the required rate of return on bonds is 10%,what is the current price of
A)the bonds with 3 years to maturity?
B)the bonds with 10 years to maturity?
C)Explain the relationship between the number of years until a bond matures and its price.

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The Answer of The Nickelodeon Manufacturing Co.has a series of $1,000 par value bonds outstanding.Each bond pays interest semi annually and carries a coupon rate of 7%.Some bonds are due in 3 years while others are due in 10 years.If the required rate of return on bonds is 10%,what is the current price of