A bond issued by IBM on December 1, 1996, is scheduled to mature on December 1, 2096. If today is December 2, 2023, what is this bond’s time to maturity? (Use 365 days a year.) |
Bond's Time to maturity = Days between Dec 2,2023 and December
1,2096 =2096-2023 =73 years
Bond; Time to maturity =73 years
A bond issued by IBM on December 1, 1996, is scheduled to mature on December 1,...
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