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Can this exercise be solve step by step for a nonfinancial person? 3. You are comparing the prices of bonds issued by two corporations. NV

Can this exercise be solve step by step for a nonfinancial person?

3. You are comparing the prices of bonds issued by two corporations. NV Technologies has a 8%, 15-year bond outstanding, trading at par. GEV Technologies has the sam bond rating as NV Technologies and has a 7.5% 10 bond, trading at 5% below par. What is the maturity of GEV's outstanding bond?

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