A bond is issued on December 22, 2005 and is scheduled to mature on December 22, 2020. What is this bond's years to maturity on July 5, 2006?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
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A bond is issued on December 22, 2005 and is scheduled to mature on December 22, 2020. What is this bond's years to maturity on July 5, 2006?

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