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World Travel has 7 percent, semiannual, coupon bonds outstanding with a current market price of $1,023.46, a par value of $1,000, and a yield to
World Travel has 7 percent, semiannual, coupon bonds outstanding with a current market price of $1,023.46, a par value of $1,000, and a yield to maturity of 6.72 percent. How many years is it until these bonds mature?
A.) 12.26 years |
B.) 12.53 years |
C.) 18.49 years |
D.) 24.37 years |
E.) 25.05 years |
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