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QUESTION
Global Communications has a 7 percent, semiannual coupon bond outstanding with a current market price of $1,023. The bond has a par value of $1,000...
Global Communications has a 7 percent, semiannual coupon bond outstanding with a current market price of $1,023.46. The bond has a par value of $1,000 and a yield to maturity of 6.72 percent. How many years is it until this bond matures?
