How many years is it until the bond matures

Reference no: EM131930477

Question: A 9.00 percent annual coupon bond has a face value of $1,000, a market price of $923.14, and a yield-to-maturity of 10.00 percent. The bond pays interest semi-annually. How many years is it until the bond matures? Please record your answer using the following format (16.50) Record your answer to two decimal places Finally, do not add the "years' to your answer. In the box calling for units there are tour (4) possible responses dollars, percent, ratio or years. Type into the units' box the appropriate tor your answer.

Reference no: EM131930477

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