A bond issued by IBM on December 1, 1996, is scheduled to mature on December 1,...

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A bond issued by IBM on December 1, 1996, is scheduled to mature on December 1,...

A bond issued by IBM on December 1, 1996, is scheduled to mature on December 1, 2096. If today is December 2, 2023, what is this bond’s time to maturity? (Use 365 days a year.)

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Answer 1

Answer #1

Bond's Time to maturity = Days between Dec 2,2023 and December 1,2096 =2096-2023 =73 years

Bond; Time to maturity =73 years

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Answer 2

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