Multiple Choice
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:
Verified
Correct Answer:
Verified
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