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A 9.00 percent annual coupon bond has a face value of $1,000, a market price of $1,089.37, and a...

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A 9.00 percent annual coupon bond has a face value of $1,000, a market price of $1,089.37, and a yield-to-maturity of 8.00 percent. The bond pays interest semi- annually. How many years is it until the bond matures? Please record your answer using the following format (16.50). Record your answer to two decimal places. Finally, do not add the 'years' to your answer. In the box calling for units, there are four (4) possible responses: dollars; percent; ratio; or years. Type into the units' box the appropriate for your answer. Your Answer:

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To calculate the number of years until the bond matures we can use the formula for the present value View the full answer


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Related Book For  answer-question
Introduction to Operations Research

Introduction to Operations Research

ISBN: 978-1259162985

10th edition

Authors: Frederick S. Hillier, Gerald J. Lieberman

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Posted Date: September 02, 2023 07:11:20
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