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High Noon Sun, Inc: Bond Maturity

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High Noon Sun, Inc. has a 5 percent, semiannual coupon bond with a current market price of $988.52. The bond has a par value of $1,000 and a yield to maturity of 5.29 percent. How many years is it until this bond matures?

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Solution Summary

This solution calculates the amount of time a bond will take to mature if it has a yield to maturity of 5.29%.

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