The Lo Sun Corporation offers a 5.1 percent bond with a current market price of $872.50. The yield to maturity is 6.19 percent. The face value is $1,000. Interest is paid semiannually. How many years until this bond matures

21.12 years

Explanation:

The nper excel function can be used to compute the number of years the bond would mature as shown below:

=nper(rate,pmt,-pv,fv)

rate is the semiannual yield to maturity which is 6.19%/2

pmt is the semiannual coupon payment=5.1%/2*$1000=25.5

pv is the current market price of $872.50

fv is the face value of $1000

=nper(6.19%/2,25.5,-872.50,1000)= 42.24  

The  42.24  implies the number of six-month intervals the bond has

number of years= 42.24/2=21.12

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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1. c

2. b

3. a

4. c

5. a

6. b

7. c

8. c

9.b

10. d

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