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Time to Maturity A bond issued by a corporation on June 1 5 , 2 0 0 7 is scheduled to mature on June 1

Time to Maturity A bond issued by a corporation on June

15, 2007

is scheduled to mature on June

15, 2033 .

If today is December

16, 2008,

what is this bond's time to maturity?

Multiple Choice

26

years

24

years,

6

months

1

year,

6

months

24

years

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