Question: Problem 7 - 4 Time to Maturity ( LG 7 - 1 ) A bond issued by IBM on December 1 , 1 9 9

Problem 7-4 Time to Maturity (LG7-1) A bond issued by IBM on December 1,1996, is scheduled to mature on December 1,2096. If today is Decembpr 2,2003, what is this bond's time to maturity? (Use 365 days a year.) Time to maturity years

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