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Redesigned Computers has 6.5 percent coupon bonds outstanding with a current market price of $548. The...

Redesigned Computers has 6.5 percent coupon bonds outstanding with a current market price of $548. The yield to maturity is 13.2 percent and the face value is $1,000. Interest is paid annually. How many years is it until these bonds mature?

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Answer #1
Coupon amount = Face value* coupon Rate=6.5%*1000 65
A B
1 Yield rate 13.20%
2 Coupon amount 65
3 face value 1000
4 present value 548
5 Yield to maturity (NPER) years 17.8399
6 or YTM years 17.84

Formula

Yield to maturity years = NPER (B1,B2,-B4,B3)

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