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Olmstead Industry has 9.40% coupon bonds outstanding with a price of $1,023.58. Interest is paid semiannually and the yield to maturity is 8.80%. The par
Olmstead Industry has 9.40% coupon bonds outstanding with a price of $1,023.58. Interest is paid semiannually and the yield to maturity is 8.80%. The par is $1,000. How many years is it until these bonds mature? 5.48 years B 5.30 years (C) 5.19 years D) 4.93 years (E) 4.72 years
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