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Travel One has a 12 percent semiannual coupon bonds outstanding with a current market price of...

Travel One has a 12 percent semiannual coupon bonds outstanding with a current market price of $2120.00 a par value of $2000, and a yield to maturity of 11 percent. How many years is it until these bonds mature?

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Answer #1

Answer is 10.07 years

A D A 1 Par Value 2 Coupon Rate 3 YTM 4 Current price 5 Frequency B C $2,000 12% 11% $2,120 2 semi-annual 6 7 Periods 8 YearsA 1 Par Value 2 Coupon Rate 3 YTM 4 Current price 5 Frequency 2000 0.12 0.11 2120 semi-annual 6 7 Periods 8 Years to Maturity

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