The zero coupon bonds of D&L Movers have a market price of $319.24,a face value of $1,000,and a yield to maturity of 8.45 percent.How many years is it until these bonds mature?
A) 11.92 years
B) 12.28 years
C) 13.80 years
D) 13.01 years
E) 27.59 years
Correct Answer:
Verified
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