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Mike is considering a $1,000 par value bond for all the following scenarios. (Input all answers as positive values, no commas, with no symbols ex.
Mike is considering a $1,000 par value bond for all the following scenarios.
(Input all answers as positive values, no commas, with no symbols ex. no $ or %. Input all % answers as whole numbers without symbols ex. 10.03 for .1003. Input all final answers two decimal places out.)
How long would it take a bond to mature that pays a 7% annual coupon rate, has a yield to maturity of 9%, priced at $817.42?
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