Sharpies Pencils, Inc. has a 4%, semiannual coupon bond with a current market price of $935.50....
Sharpies Pencils, Inc. has a 4%, semiannual coupon bond with a current market price of $935.50. The bond has a par value of $1,000 and a yield to maturity of 4.6%. How many years is it until this bond matures?
Homework Answers
I/Y = 2.3
PMT = 1,000*0.04/2 = 20
PV = -935.5
FV = 1,000
CPT N = 30 payments
No. of years = 30 / 2 payements per year = 15 Years until this bond matures
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