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Moon Lite Cafe Has a Semiannual,5 Percent Coupon Bond with a Current

Question 74

Multiple Choice

Moon Lite Cafe has a semiannual,5 percent coupon bond with a current market price of $988.52.The bond has a par value of $1,000 and a yield to maturity of 5.68 percent.How many years is it until this bond matures?


A) 1.5 years
B) 1.8 years
C) 2.1 years
D) 2.2 years
E) 1.6 years

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