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Time to Maturity a Bond Issued by a Corporation on October

Question 44

Multiple Choice

Time to Maturity A bond issued by a corporation on October 1,2007,is scheduled to mature on October 1,3007.If today is October 2,2009,what is this bond's time to maturity? (Assume annual interest payments.)


A) 2 years
B) 50 years
C) 998 years
D) 100 years

Correct Answer:

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