you bought a 30-year bonds many years ago. The bond has par value of $ 1,000 and

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you bought a 30-year bonds many years ago. The bond has par value of $ 1,000 and coupon rate of 12%, paid semi-annually. The current price of the bond is $1,137.99 and the yield to maturity is 10%. How many years ago did you buy the bond?

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Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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Posted Date: Oct 03, 2023 12:53 AM

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you bought a 30-year bonds many years ago. The bond has par value of $ 1,000 and

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To determine how many years ago the bond was purchased well use the formula for calculatin... View the full answer

Foundations of Financial Management

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