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Shrike Services has 9.25 percent coupon bonds outstanding with a current market price of $987.43. The yield to maturity is 9.50 percent and the face
Shrike Services has 9.25 percent coupon bonds outstanding with a current market price of $987.43. The yield to maturity is 9.50 percent and the face value is $1,000. Interest is paid semiannually. How many years is it until these bonds mature?
a. 7 years
b. 9 years
c. 11 years
d. 13 years
e. 15 years
Which one of these is correct?
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