Ventures Unlimited has a 7 percent coupon bonds outstanding with a face value of $1000 andd a market price of $926.97. The bonds pay interest semi-annually and have a yield of maturity of 7.87 percent. How many years will it be until these bonds mature?
Please show answer and what financal keys on calculator.© BrainMass Inc. brainmass.com March 4, 2021, 8:15 pm ad1c9bdddf
In a financal calculator, we key in:
FV = 1000
PV = -926.97
The solution determines how many years will it be until these bonds mature.