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Your friend Mike Lugshery is looking to also invest in a bonds. Your friend prefers to hold onto the bonds until they mature. Mike has
Your friend Mike Lugshery is looking to also invest in a bonds. Your friend prefers to hold onto the bonds until they mature. Mike has asked you to find out how many years this particular bond issued by BCE has left until maturity. This BCE Inc. bond has an 8% coupon making annual payments. The price of the bond on December 14, 2021 was $1,059.60 with a yield to maturity of 7.2%. When will these bonds mature?
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