What is the maturity of a default-free security with annual coupon payments and a yield to maturity

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What is the maturity of a default-free security with annual coupon payments and a yield to maturity of 4.6%? Why?

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Corporate Finance The Core

ISBN: 9781292158334

4th Global Edition

Authors: Jonathan Berk, Peter DeMarzo

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Question Posted: Feb 24, 2024 11:01 PM

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What is the maturity of a default-free security with annual coupon payments and a yield to maturity

Question:

Maturity (years) Zero-coupon YTM 1 4.6% 2 5.0% 3 5.4% 4 5.8% 5 6.1%

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Corporate Finance The Core

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