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Assume that a bond will make payments every six months as shown on the following timeline (using six-month periods): period 0 1 2...... 39 40
Assume that a bond will make payments every six months as shown on the following timeline (using six-month periods):
period 0 1 2...... 39 40
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cash flows $20.41 20.41 20.41 20.41+1000
a. What is the maturity of the bond (in years)?
The maturity is ? years.(Round to the nearest integer.)
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