Ramchandra Corp. has issued a bond that is currently trading at a $ value of 1200 and with the following features; yearly coupon payments with
Ramchandra Corp. has issued a bond that is currently trading at a $ value of 1200 and with the following features; yearly coupon payments with a coupon rate of 4 percent, a face value of $1,000, YTM of 2.1%, and a current yield of 3.33%. Calculate the number of years to maturity.
- 14 years
- 12 years
- 16 years
- 13 years
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Authors: Jay Lehmann
1st Edition
0134107179, 978-0134107172
