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    Years to maturity

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    38. Beach Combers International has 5.75% coupon bonds outstanding with a current market price of $689.40. The yield to maturity is 11.20% and the face value is $1,000. Interest is paid semiannually. How many years is it until these bonds mature?

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    The current market price is the present value of interest and principal. We use this to calculate the number of years. The interest ...

    Solution Summary

    The solution explains how to determine the years to maturity of a bond