DT Company Bonds Are Priced at $932

question 46

Multiple Choice

DT Company bonds are priced at $932.17,have a par value of $1,000,a yield to maturity of 6.18 percent,and a coupon rate of 6.35 percent.How many years is it until this bond matures if interest is paid semiannually?

• A)18.04 years
• B)20.42 years
• C)28.00 years
• D)40.84 years
• E)36.08 years