A $1,000 par bond with a 5.5% semi-annual coupon and a yield to maturity of 8%...

Question

Question

A $1,000 par bond with a 5.5% semi-annual coupon and a yield to maturity of 8% trades at a price of $844. How many years until the bond matures?

business finance

Answer 1

Answer #1

COUPON RATE PMT 27.5 FACE VALUE $1,000.00 YIELD 8.00% RATE = YIELD/2= 4.00% PRICE PV 844.00 NPER = 17.63 nper(rate,pmt,-pv,fv

Answer 2

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