How many years is it until these bonds mature

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1. A firm has 6% coupon bonds outstanding with a current market price of $777. The yield to maturity is 10% and the par value is $1,000. How many years is it until these bonds mature?

a) 33.02 years

b) 7.86 years

c) 8.36 years

d) 3.93 years

2. You buy a 3 year, zero coupon bond with a 7.45% yield to maturity and par value is $1,000. What is the current market price?

a) $803.36

b) $806.08

c) $1,245.38

d) $802.97

Reference no: EM131552337

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