question 15 and 16

15 Spring Ahead Inc. has a bond with a face value of $1,000 and a current market price of $1,051.61. This bond has a 3.28% annual coupon and a yield to maturity of 2.38%. In how many years will this bond mature? A 4.7 B 5.3 6.2 D 7.1 E Cannot be solved. 16 Alexander Inc. has a bond maturing in six years paying interest semi-annually. The yield to maturity is 5.43%. If the current market price is $968.46, each coupon payment equals: A $23.51 B $24.04 $47.02 D $48.08 E $54.30