Six Days, Inc., has a 7%, semi-annual coupon bond with a current market price of $1,010.40. The bond has a par value of $1,000 and a yield to maturity of 6.87%. How many years is it until this bond
Matures?
A) 10.67 years
B) 11.81 years
C) 15.98 years
D) 22.07 years
E) 23.62 years
Correct Answer:
Verified
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