World travel has 7 percent, semiannual, coupon bonds outstanding with a current market price of $1,023.46, a par value of $1,000, and a yield to maturity of 6.72 percent. how many years is it until these bonds mature?
a.) 12.26 years
b.) 12.53 years
c.) 18.49 years
d.) 24.37 years
e.) 25.05 years

B.) 12.53 years

Explanation:

In this question, we use the NPER formula which is shown in the spreadsheet.  

The NPER represents the time period. inv

Given that,  

Present value = $1,023.46

Future value = $1,000

PMT = $1,000  × 7% ÷ 2 = $35

Rate of interest = 6.72% ÷ 2 =3.36%

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after solving this, the answer would be 12.53 years

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;

answer; trojan horse;