Question
A bond issued by Ford on May 15, 1997 is scheduled to mature on May 15, 2097. If today is November 16, 2011, what is
A bond issued by Ford on May 15, 1997 is scheduled to mature on May 15, 2097. If today is November 16, 2011, what is this bond's time to maturity?(Use 365 days a year.)
Time to maturityyears andmonths
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
2nd Edition
0073530670, 9780073530673
