Time to Maturity A bond issued by IBM on December 1, 1996, is sched- uled to mature
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Time to Maturity A bond issued by IBM on December 1, 1996, is sched- uled to mature on December 1, 2096. If today is December 2, 2013, what is this bond's time to maturity? (LG1)
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Related Book For
Finance Applications And Theory
ISBN: 9780073530673
2nd Edition
Authors: Marcia Cornett, Troy Adair, John Nofsinger
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