Term to maturity of the bond iin 2020

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You wish to purchase a 10-year bond that was issued in 2013, par value $1,000 and has a 6% coupon rate, payable semi-annually. The bond matures in 2023 and you require a 10% nominal yield to maturity.

1) What's the term to maturity of the bond iin 2020?

2) At what price should you be willing to pay for the bond in 2020?

3) What's the bond's current yield?

Reference no: EM133072561

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