Determine duration for maturity of bonds


Question: Ventures Unlimited has 7% coupon bonds outstanding with a face value of 1000 dollar and a market price of $926.97. The bonds pay interest semiannually & have a yield to maturity of 7.87%. Determine the years will it be until these bonds mature?

[A] 21

[B] 28

[C] 30

[D] 7

[E] 14

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Finance Basics: Determine duration for maturity of bonds
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