Question: Suppose you read that a bond with a face value of $1,000 and a coupon of $80 per year has a yield to maturity of
Suppose you read that a bond with a face value of $1,000 and a coupon of $80 per year has a yield to maturity of exactly 8%. How many years remain until maturity? I. Greater than 20 years II. Greater than 10 years but less than 20 III. Less than 10 years
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