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?© BrainMass Inc. brainmass.com June 3, 2020, 9:15 pm ad1c9bdddf
The current market price is the present value of interest and principal. We use this to calculate the number of years. The interest ...
The solution explains how to determine the years to maturity of a bond