Time to Maturity A bond issued by a corporation on September 1, 1989 is scheduled to...
Time to Maturity A bond issued by a corporation on September 1, 1989 is scheduled to mature on September 1, 2045. If today is September 2, 2009, what is this bond's time to maturity?
Homework Answers
Time to maturity of a bond is the remaining time when the bond matures. Today's date is September 2, 2009 and maturity date is September 1, 2045. So time to maturity is:
Time to maturity = September 1,2045 - September 2, 2009 = 36 years.
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