The current market price of a given zero-coupon bond is $747.470. The face value of the bond is $1,000.000. The annualized continuously compounded yield on the bond is 8.000%. Then, what is the implied time to maturity (in years) of this bond?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
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The current market price of a given zero-coupon bond is $747.470. The face value of the bond is $1,000.000. The annualized continuously compounded yield on the bond is 8.000%. Then, what is the implied time to maturity (in years) of this bond? 

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