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The zero coupon bonds of D&L Movers have a market price of $319.24, a face value of $1,000, and a yield to maturity of 8.45
The zero coupon bonds of D&L Movers have a market price of $319.24, a face value of $1,000, and a yield to maturity of 8.45 percent. How many years is it until these bonds mature?
A. | 11.92 years | |
B. | 12.28 years | |
C. | 13.80 years | |
D. | 13.01 years | |
E. | 27.59 years |
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