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World Travel has 7.44 percent, semiannual, coupon bonds outstanding with a current market price of $924.88,...

World Travel has 7.44 percent, semiannual, coupon bonds outstanding with a current market price of $924.88, a par value of $1,000, and a yield to maturity of 8.72 percent. How many years is it until these bonds mature? A. 18.50 years B. 9.25 years C. 16.80 years D. 8.40 years

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Α 1 2 Par Value 3 YTM 4 Current Price 5 Coupon Rate 6 Frequency $1,000 8.72% $924.88 7.44% 2 semi-annual 7 8 Years 8.40 years1 2 Par Value 3 YTM 4. Current Price 5 Coupon Rate 6 Frequency 1000 0.0872 924.88 0.0744 semi-annual 7 8 Years ENPER(B3/B6,B5

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