Theory question based on time value of money.
Wilson Company will issue $300,000,000 of 7%, $1000 Par bonds on November 15, 2004. The bonds will pay interest semiannually and mature on November 15, 2011.
Without doing the calculation would the value of the bond go up, go down or stay the same if the maturity date was changed to November 15, 2009. Explain.