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Bond prices and maturity dates. Les Company isabout to issue a bond with semiannual coupon payments, an annualcoupon rate of 11?%, and a par value of ?$5,000. The yield tomaturity for this bond is 10?%.a. What is the price of the bond if it maturesin 5?, 10?, 15?, or 20?years?b. What do you notice about the price of thebond in relationship to the maturity of the? bond?a. What is the price of the bond if it maturesin 5 ?years??$__________? (Round to the nearest? cent.)b. What is the price of the bond if it maturesin 10 ?years??$___________? (Round to the nearest? cent.)c. What is the price of the bond if it maturesin 15 ?years??$___________? (Round to the nearest? cent.)d. What is the price of the bond if it maturesin 20 years??$____________ ?(Round to the nearest? cent.)b. What do you notice about the price of thebond in relationship to the maturity of the? bond? ?(Select thebest? response.)A. As the time to maturity? increases, theprice of the bond increases first and then decreases.B. As the time to maturity? increases, theprice of the bond decreases first and then increases.C. As the time to maturity? increases, theprice of the bond decreases.D. As the time to maturity? increases, theprice of the bond increases.