Question: The following table shows some data for three zero-coupon bonds. The face value of each bond is $1,000. Bond Price Maturity (Years) Yield to Maturity
The following table shows some data for three zero-coupon bonds. The face value of each bond is $1,000.
| Bond | Price | Maturity (Years) | Yield to Maturity | ||||||
| A | $ | 330 | 30 | ||||||
| B | 330 | 8 | % | ||||||
| C | 13 | 10 | |||||||
a. What is the yield to maturity of bond A? (Do not round intermediate calculations. Enter your answer as a percent rounded to 3 decimal places. Assume annual compounding.)
b. What is the maturity of B? (Do not round intermediate calculations. Round your answer to 2 decimal places. Assume annual compounding.)
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