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Jgal Jgal
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3 months ago
A zero coupon bond with a face value of $1,000 is currently selling for $687.38. The bond has a market yield of 5.48%. What is the bond's term to maturity?

▸ 6.62 years

▸ 7.03 years

▸ 6.93 years

▸ 7.42 years
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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keeton1989keeton1989
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3 months ago
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