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Redesigned Computers has 5.25 percent coupon bonds outstanding with a current market price of $562.13. The yield to maturity is 16.28 percent and the face
Redesigned Computers has 5.25 percent coupon bonds outstanding with a current market price of $562.13. The yield to maturity is 16.28 percent and the face value is $1,000. Interest is paid semiannually. How many years is it until these bonds mature?
A. | 7.08 years | |
B. | 28.32 years | |
C. | 12.41 years | |
D. | 6.64 years |
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