Question: What is the price of a 5 year treasury bond A with 6.25% coupon rate?
What is the price of a 20 year treasury bond B with 6.25% coupon rate?
Assume that coupons are paid annually, and the discount rate (YTM) is 8.51%.
Draw a column chart for both bond prices, and then, change the discount rate from 1% to 20% and see what happens to the charts.