High Noon Sun, Inc has a 5 percent, semiannual coupon bond with a current market price of $988 52 The bond has a par value of $1,000 and a yield to maturity of 5 29 percent How many years is it until this bond matures a 4 0 years b 4 5 years c 6 5 years d 8 0 years e 9 0 years ...

b 45 years Face Value 1000 Annual Coupon Rate 5 ...

High Noon Sun, Inc. has a 5 percent, semiannual coupon bond with a current market price of

Question:

High Noon Sun, Inc. has a 5 percent, semiannual bond with a current market price of $988.52. The bond has a of $1,000 and a yield to of 5.29 percent. How many years is it until this bond matures?
a. 4.0 years
b. 4.5 years
c. 6.5 years
d. 8.0 years
e. 9.0 years
Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...