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How Many Years Until Bonds Mature

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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.

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Solution Summary

The solution determines how many years will it be until these bonds mature.

Solution Preview

In a financal calculator, we key in:
FV = 1000
PV = -926.97
(coupon) ...

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