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Your boss just purchased a bond with a 4.3% coupon rate. It has a price of $45,326 and a par value of $50,000. It is
Your boss just purchased a bond with a 4.3% coupon rate. It has a price of $45,326 and a par value of $50,000. It is unique in that it makes quarterly coupon payments. The YTM is 7.69%. She is about to head into a meeting, but forgot how many years until the bond matures, so she asks you to calculate that number.
A. 3.13 years
B. 4.78 years
C. 5.13 years
D. 3.78 years
E. 5.72 years
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