Multiple Choice
A $25,000 strip bond is purchased for $8235 to yield 8% compounded semiannually. What is the remaining time until maturity?
A) 30.53 years
B) 12.50 years
C) 14.16 years
D) 22.28 years
E) 56.63 years
Correct Answer:
Verified
Correct Answer:
Verified
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