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What is the maturity date on a bond if it is selling today for $825 and...

  1. What is the maturity date on a bond if it is selling today for $825 and it pays an annual coupon rate of 2.5% with the yield to maturity of 5%?

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Expert Solution

Calculations-

As no method was mentioned I have solved the problem using excel function.

Please upvote if the ans is helpful.In case of doubt,do comment.Thanks.

jeff jeffy answered 2 years ago
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