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The price of a Ford bond is $1,053. The par value is $1,000. It has a coupon rate of 4%. The coupons are paid twice
The price of a Ford bond is $1,053. The par value is $1,000. It has a coupon rate of 4%. The coupons are paid twice a year. The current yield to maturity is 3.25%. How many years are remaining until maturity?
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12.47 years
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15.45 years
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9.76 years
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11.69 years
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8.09 years
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