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You currently have $4000 invested in a discount bond at an annual yield, i = 10%. If the face value of this bond is $5,500,
You currently have $4000 invested in a discount bond at an annual yield, i = 10%. If the face value of this bond is $5,500, what is the maturity of this bond?
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
8th Edition
0324258917, 9780324258912
