Multiple Choice
The High Noon Corporation offers a 12% bond with a current market price of $923.60. The yield to maturity is 14.2%. The face value is $1,000. Interest is paid semi-annually. How many years is it until this bond matures?
A) 4.95 years
B) 5.87 years
C) 6.03 years
D) 8.67 years
E) 9.91 years
Correct Answer:
Verified
Correct Answer:
Verified
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