Sure Tea Co. has issued 6.3% annual coupon bonds that are now selling at a yield to maturity of 9.2% and current yield of 8.7770%. What is the remaining maturity of these bonds? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Remaining period = years© BrainMass Inc. brainmass.com June 4, 2020, 2:22 am ad1c9bdddf
Please see the attached file for the complete tutorial.
Par $1,000 => Though this was not given in the problem. The common face value of bonds is $1,000
This solution discusses the remaining maturity of bonds.