where did the 52.5/2 come from when looking at PMT?

13. Redesigned Computers has 5.25 percent coupon bonds outstanding with a current market price of $546.19. The yield to maturity is 16.28 percent and the face value is $1,000. Interest is paid semiannually. How many years is it until these bonds mature? A. 12.41 years B.7.08 years C. 28.32 years D. 14.16 years E. 6.64 years 1J00 217300 5279es e)+ 00,83- 0.1625 1+ $546.19-.0525 $1,000 2 2 $1,000 0.1628 0.1628 1+ 2 2 It's easiest to solve this problem using a financial calculator. You can then use the calculator answer as the time period in the formula just to verify that your answer is correct. 2216.28/2-546.19 52.5/2 1,000 A tlo'l to V di aotel owan aT Enter FV PMT /Y PV 14.16 Solve for The number of six-month periods is 14.16. The number of years is 7.08 years