Question: the correct answer is B) 4.57 years. i just need to know the steps to get there. i will upvote. 13. Suppose that there is

the correct answer is B) 4.57 years. i just need to
the correct answer is B) 4.57 years. i just need to know the steps to get there. i will upvote.

13. Suppose that there is a zero-coupon bond that will pay $1,000 sometime in the future. If this bond is trading at $800 and the yield-to-maturity on this bond is 5%, what is the maturity of this bond? Assume annual compounding. a) 2,48 years b) 4.57 years c) 6.21 years d) 8.78 years c) Not enough information

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