Moon lite cafe has a semiannual, 5 percent coupon bond with a current market price of $988.52. the bond has a par value of $1,000 and a yield to maturity of 5.68%. how many years is it until this bond matures?

Mostly 18 years is it until the bond matures. Given; Semiannually, 5 percent coupon bond, market price = $988.52Solution; $988.52 = [ (.05 / 2) * $1,000] * [ (1 - {1 / [1 + (.0568 / 2) ]t * 2}) / (.0568 / 2) ] + $1,000 / [1 + (.0568 / 2) ]t * 2; t = 3.6 semi-annual periods, or 1.8 years

The answer in this question is 18 years.