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Global Communications has a 7 percent, semiannual coupon bond outstanding with a current market price of $900 The bond has a par value of $1,000
Global Communications has a 7 percent, semiannual coupon bond outstanding with a current market price of $900 The bond has a par value of $1,000 and a yield to maturity of 8 percent. How many years is it until bond matures? Select one: O a. 25.05 years O b. 18.49 years O c. 33.33years O d. 11.96 years O e. 24.37 years
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