Question
Beam Inc. bonds are trading today for a price of $1, 902.73. The bond pays annual coupons with a coupon rate of 10 % and
Beam Inc. bonds are trading today for a price of $1, 902.73. The bond pays annual coupons with a coupon rate of 10 % and the next coupon is due in one year. The bond has a yield to maturity of 3.28%. How many years are there until the bond matures?
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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Stylianos Perrakis, Peter
8th Canadian Edition
007133887X, 978-0071338875
