Redesigned Computers has 5.25 percent coupon bonds outstanding with a current market price of $546.19. 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?
A) 6.64 years
B) 7.08 years
C) 12.41 years
D) 14.16 years
E) 28.32 years
Correct Answer:
Verified
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