A bond issued by IBM on December 1, 1996, is scheduled to mature on December 1, 2096. If today is December 2, 2017, what is this bond's time to maturity? (Use 365 days a year.) Time to maturity years

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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A bond issued by IBM on December 1, 1996, is scheduled to mature on December 1, 2096. If today is December 2, 2017, what is this
bond's time to maturity? (Use 365 days a year.)
Time to maturity
years
Transcribed Image Text:A bond issued by IBM on December 1, 1996, is scheduled to mature on December 1, 2096. If today is December 2, 2017, what is this bond's time to maturity? (Use 365 days a year.) Time to maturity years
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