Redesigned Computers has 5.25 percent coupon bonds outstanding with a current market price of $562.13. 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?
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Q: price
A: The above problem can be solved using the PV function in the excel as follows: PV(rate, n, pmt, FV)
Q: What is the bonds price
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A: Coupon rate = coupon amount / Face value
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A:
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A: Computation:
Redesigned Computers has 5.25 percent coupon bonds outstanding with a current market price of $562.13. 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?
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