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How long to maturity for the following bonds (round it to the nearest year, e.g. 29.9 becomes 30 years)? i) Bond A: par value =
How long to maturity for the following bonds (round it to the nearest year, e.g. 29.9 becomes 30 years)? i) Bond A: par value = $1,000; coupon rate = 9%; yield to maturity = 7.4628%; current price = $1,136; annual coupon payments ii) Bond B: par value = $1,000; coupon rate = 7%; yield to maturity=7.2692%; current price $1,278; semi-annual coupon payments
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