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What the number of years between purchase and maturity

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Question 1: A new issued noncallable premium coupon bond with $80 annual payments has a Par value of $1,000.00 payable at the end of the maturity period. If the yield-to-maturity is 6.09% and the price of the bond is $1,140.00, then the number of years (periods) between purchase and maturity would be _____

Question 2: Use the "NPER" Excel function to calculate the required answer in the yellow highlighted cell (cell E24). Round to zero decimals. Do not change the formatting of any cell. The final answer has to be a positive value.

Input Data Purchase Date N/A Call Date N/A Bond Type = Coupon Noncollable Coupon Payment Frequency = Annual Par Value = $1,000.00 Annual Coupon Payment = $80.00 Coupon Rate = 8.00% Days Since Last Payment N/A Yield-to-Maturity = 6.09% Bond Price = $1,140.00 Current Yield = 7.02%

Reference no: EM132581861

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