Bonds J, K, and L all have a face value of $1000 and all have 20 years remaining until maturity. Their respective coupon rates are 6%, 7%, and 8% compounded semiannually. Calculate their market prices if the rate of return required by the market on these bonds is 5% compounded semiannually. Summarize the observed pattern or trend in a brief statement.

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The Answer of Bonds J, K, and L all have a face value of $1000 and all have 20 years remaining until maturity. Their respective coupon rates are 6%, 7%, and 8% compounded semiannually. Calculate their market prices if the rate of return required by the market on these bonds is 5% compounded semiannually. Summarize the observed pattern or trend in a brief statement.

Bonds J, K, and L All Have a Face Value