Question: You have a $1000 par value bond with a current bond price of $900 and a semiannual coupon of $50. If the YTM on this
You have a $1000 par value bond with a current bond price of $900 and a semiannual coupon of $50. If the YTM on this bond is 10% (compounded semiannually), how many years are there until maturity? (Warning: trick question. Can you explain why?)
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