Question: Please answer the following question step by step with real formulas no excel: A) Youve just found a 10 percent coupon bond on the market

Please answer the following question step by step with real formulas no excel:

A) Youve just found a 10 percent coupon bond on the market that sells for par value. What is the maturity on this bond?

B)To calculate the number of years until maturity, assume that it is currently May 2022.

All of the bonds have a $1,000 par value and pay semiannual coupons.

RATE MATURITY BID ASKED Chg ASK Yld
?? May 29 102.725 102.915 0.3204 2.18
3.850 June 32 103.168 103.823 0.4513 ??
4.125 July 38 ?? ?? 0.6821 3.87

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