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QUESTION
Suppose you read that a bond with a face value of $1,000 and a coupon of $80 per year has a yield to maturity of exactly 8%. How many years remain
Suppose you read that a bond with a face value of $1,000 and a coupon of $80 per year has a yield to maturity of exactly 8%. How many years remain until maturity?
I. Greater than 20 years.
II. Greater than 10 years but less than 20.
III. Less than 10 years.
- A. III only
- B. II only
- C. I only
- D. Cannot be computed since price is not given
- E. I, II, or III may be correct
