Put the bonds price on the y-axis and the term to maturity


MSS Corporation issued a 5% coupon bond in 2002 that had an original maturity of 15 years. The bond was issued at par ($1,000). In 2003, interest rates rose to 6.25% and remained there for the rest of the bond’s life. Create a graph that shows how the bond’s price changes as we move from 2003 to 2017. Put the bond’s price on the y-axis and the term to maturity on the x-axis.

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Financial Management: Put the bonds price on the y-axis and the term to maturity
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