Question: 20) - 20) Redesigned Computers has 6.5 percent coupon bonds outstanding with a current market price of $742. The yield to maturity is 13.2 percent

20) - 20) Redesigned Computers has 6.5 percent coupon bonds outstanding with a current market price of $742. The yield to maturity is 13.2 percent and the face value is $1,000. Interest is paid annually. How many years is it until these bonds mature? A) 7.41 years B) 8.32 years C) 4.19 years D) 5.73 years E) 6.16 years 19) 19) Oil Wells offers 6.5 percent coupon bonds with semiannual payments and a yield to maturity of 6.94 percent. The bonds mature in seven years. What is the market price per bond if the face value is $1,000? A) $996.48 B) $975.93 C) $913.48 D) $989.70 E) $902.60
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