Multiple Choice
A $20,000 face value strip bond is sold for $8,524 to yield 8.4% compounded semi-annually. Calculate the maturity date to the nearest day.
A) 11 years and 110 days
B) 10 years and 110 years
C) 10 years and 133 days
D) 9 years and 110 days
E) 9 years and 133 days
Correct Answer:
Verified
Correct Answer:
Verified
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