Bond A and Bond B both have face values of £1000 and make annual coupon payments. Bond A is currently priced at £105.72, has a time to maturity of 9 years and a yield to maturity of 7.6 percent. Bond B is priced at £96.01 and has a yield to maturity of 9.4 percent. Both Bond A and B make the same coupon payments. What is the time to maturity of Bond B?

Answer rating: 100% (QA)

BOND A Number of periods n 9 years Yield IY 76 Annual C... View the full answer