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The zero coupon bonds of JK Industries have a market price of $300.00, a face value of $1,000, and a yield to maturity of 6.0
The zero coupon bonds of JK Industries have a market price of $300.00, a face value of $1,000, and a yield to maturity of 6.0 percent. How many years is it until these bonds mature? (Assume annual discounting/compounding.) A. 20.66 years B. 22.28 years C. 21.81 years D. 44.01 years E. 46.59 years
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