Question
Schneider Industries has an outstanding 4.4 percent, semiannual coupon bond with $1,000 par value and a yield to maturity of 4.52%. The bond's market price
Schneider Industries has an outstanding 4.4 percent, semiannual coupon bond with $1,000 par value and a yield to maturity of 4.52%. The bond's market price is $991.19. How many years until this bond matures?
_years
don't round steps please, thanks
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
