A bond issued by a corporation on September 1, 1989 is scheduled to mature on September 1, 2039. If today is September 2, 2009, what is this bond’s time to maturity?

A bond issued by a corporation on September 1, 1989 is scheduled to mature on September 1, 2039. If today is September 2, 2009, what is this bond’s time to maturity?

 

September 1, 2039 – September 2, 2009 = 30 years

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