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The following table shows some data for three bonds. In each case, the bond has a coupon of zero. The face value of each bond
The following table shows some data for three bonds. In each case, the bond has a coupon of zero. The face value of each bond is $1,000.
| Bond | Price | Maturity (Years) | Yield to Maturity |
|---|---|---|---|
| A | $ 280 | 30 | |
| B | 280 | 8% | |
| C | 22 | 10 |
What is the maturity of B?
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Corporate Financial Management
Authors: Julian Ralph Franks, Harry H. Scholefield
2nd Edition
0566020548, 978-0566020544
