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A Zero Coupon Bond Has a Yield to Maturity of 7.48

Question 34

Multiple Choice

A zero coupon bond has a yield to maturity of 7.48 percent,semiannual compounding,a $1,000 face value,and a market quote of 41.0932.How many years is it until this bond matures?


A) 24.22 years
B) 23.18 years
C) 12.11 years
D) 24.66 years
E) 12.33 years

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