A bond issued by a corporation on September 1, 1989 is scheduled to mature on September 1,

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A bond issued by a corporation on September 1, 1989 is scheduled to mature on September 1, 2045. If today is September 2, 2009, what is this bond's time to maturity?

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Financial Reporting And Analysis

ISBN: 9781260247848

8th Edition

Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer

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Posted Date: Apr 26, 2024 09:08 AM

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A bond issued by a corporation on September 1, 1989 is scheduled to mature on September 1,

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To determine the time to maturity of the bond we need to calculate the number of years bet... View the full answer

Financial Reporting And Analysis

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