Multiple Choice
The zero coupon bonds of Quipta Inc. have a market price of $394.47, a face value of $1,000, and a yield to maturity of 6.87%. How many years is it until this bond matures?
A) 7 years
B) 10 years
C) 14 years
D) 18 years
E) 21 years
Correct Answer:
Verified
Correct Answer:
Verified
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