Question

Saved Excey Corp. has 8 percent coupon bonds making annual payments with a YTM of 75 percent. The current yield on these bonds is 7.85 percent How many years do these bonds have left until they mature? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Maturity of bond years
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Answer #1

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Function Arguments Rate 7.5% 个 0.075 Pmt 80 80 = -1019.1 0828 Pv |-80/7.85% Fv 1000 1000 - number -4.670130592 Type Returns the number of periods for an investment based on periodic, constant payments and a constant interest rate. Fv is the future value, or a cash balance you want to attain after the last payment is made. If omitted, zero is used. Formula result 4.67 OK Cancel

Hence, maturity of the bond is 4.67 years

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