A 30-year, Government of Canada $10,000 strip bond was discounted at 4.9% compounded semi-annually and traded for $4,722. How many years earlier had the bond been issued?
A) 14.5 years
B) 15.0 years
C) 15.5 years
D) 29.0 years
E) 30.0 years
Correct Answer:
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