Question
If given the following: A corporation borrows $100 million in 2020 and issues 100,000 bonds that allow the company to borrow $1,000 per bond for
If given the following: A corporation borrows $100 million in 2020 and issues 100,000 bonds that allow the company to borrow $1,000 per bond for 10 years at an interest rate of 7%. What is the year to maturity if the year is now 2024?
10 years
8 years
7 years
6 years
4 years
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Options Futures and Other Derivatives
Authors: John C. Hull
10th edition
013447208X, 978-0134472089
