How many years will it be until the bonds mature


Question:

Ventures Unlimited has a 7 percent coupon bonds outstanding with a face value of $1000 andd a market price of $926.97. The bonds pay interest semi-annually and have a yield of maturity of 7.87 percent. How many years will it be until these bonds mature?

Please show answer and what financal keys on calculator.

Solution Preview :

Prepared by a verified Expert
Finance Basics: How many years will it be until the bonds mature
Reference No:- TGS02057219

Now Priced at $20 (50% Discount)

Recommended (97%)

Rated (4.9/5)