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The ABC Corporation offers a bond with a current market price of $1,029.75, a coupon rate of 8 percent, and a yield to maturity of
The ABC Corporation offers a bond with a current market price of $1,029.75, a coupon rate of 8 percent, and a yield to maturity of 7.52 percent. The face value is $1,000. Interest is paid semiannually. How many years is it until this bond matures?
A.
8.5 years
B.
9.0 years
C.
17 years
D.
8.0 years
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Introductory Econometrics For Finance
Authors: Chris Brooks
4th Edition
110843682X, 9781108436823
