Question
Need help with all the explanations,please The zero coupon bonds of D&L Movers have a market price of $319.24, a face value of $1,000, and
Need help with all the explanations,please
The zero coupon bonds of D&L Movers have a market price of $319.24, a face value of $1,000, and a yield to maturity of 8.45 percent. How many years is it until these bonds mature?
A. 11.92 years
B. 12.28 years
C. 13.80 years
D. 13.01 years
E. 27.59 years
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Contemporary Financial Management
Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan
8th Edition
0324065914, 9780324065916
