A zero-coupon bond with a face value of $1,000 is currently selling for $687.38.The bond has a market yield of 5.48 percent.What is the bond's term to maturity,assuming semi-annual compounding?
A) 6.62 years.
B) 6.93 years.
C) 7.03 years.
D) 7.42 years.
Correct Answer:
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