A bond with a face value of 100 000 has coupons of 3 per


A bond with a face value of 100, 000 has coupons of 3% per annum payable semi-annually. It will be redeemed at par. It is purchased for a price of 91,825. At this price the yield to maturity is 4% per annum convertible semi-annually.

Calculate the term of the bond.

 

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Finance Basics: A bond with a face value of 100 000 has coupons of 3 per
Reference No:- TGS0620561

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