Question
Kaiser Industries has a 7 percent, annual coupon bond outstanding with a current market price of $1,023.46. The bond has a par value of $1,000
Kaiser Industries has a 7 percent, annual coupon bond outstanding with a current market price of $1,023.46. The bond has a par value of $1,000 and a yield to maturity of 6.72 percent. The bond was issued 8 years ago.
How many years from now will it be until this bond matures? (round answer to two decimal places)
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The Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin
7th Edition
0321122356, 978-0321122353
