The zero-coupon bonds of Casper, Inc., have a market price of $267.80, a face value of $1,000, and a yield to maturity of 8.87%. How many years is it until these bonds mature?
A) 13.85 years
B) 14.45 years
C) 14.95 years
D) 15.50 years
E) 16.30 years
Correct Answer:
Verified
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