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Question13 Lawless Entertainment has a 9%, semi-annual coupon bond outstanding with a current market price of R1 080,46. The bond has a par value of

Question13

Lawless Entertainment has a 9%, semi-annual coupon bond outstanding with a current market price of R1 080,46. The bond has a par value of R1 000 and a yield to maturity of 5,72%. How many years is it until this bond matures?

1. 2,68 years

2. 5,36 years

3. 10,87 years

4. 12,74 years

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