Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question

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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