Question 12 Brighter Bee Computers has 7,25% coupon bonds outstanding with a current market price of R546,19. The yield to maturity is 16% and the par value is R1 000. The interest is paid semi- annually. How many years until these bonds mature?
Question 12 Brighter Bee Computers has 7,25% coupon bonds outstanding with a current market price of R546,19. The yield to maturity is 16% and the par value is R1 000. The interest is paid semi- annually. How many years until these bonds mature?
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter7: Bonds And Their Valuation
Section: Chapter Questions
Problem 1P
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Question 12
Brighter Bee Computers has 7,25% coupon bonds outstanding with a current market price of R546,19. The yield to maturity is 16% and the par value is R1 000. The interest is paid semi- annually. How many years until these bonds mature?
-
5,97 years
-
11,50 years
-
23,01 years
-
47,72 years
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