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%? Why?

assume zero-coupon yields on default-free securities are as summarized in the following table:Appendix image text in transcribed

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Corporate Finance

ISBN: 9780137845071

6th Edition

Authors: Jonathan Berk, Peter DeMarzo

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Question Posted: Jun 12, 2024 01:03 AM

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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) 1 2 3 4 5 Zero-coupon YTM 4.00% 4.30% 4.50% 4.70% 4.80%

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Corporate Finance

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