<p>If there are 4 years to maturity now, it will only be 3 years to maturity next year.
E.g., initial year is 2000, bond matures in 2004. In 2001, it’s 3 years to 2004.</p>

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2018-11-19T21:31:23.527Z
2018-11-19T21:31:23.527Z
Brian Romanchuk
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<p>In question c-f. .Why do they calculate <span class="math-container">$t=3$</span>? When they say <span class="math-container">$t=4$</span> at the beginning and then next year is <span class="math-container">$t=4+1=t=5$</span></p>

<financial-economics>
Bond pricing, why t=3?
soetirl13
# Bond pricing, why t=3?

(Asked by: username_0 on 2018-11-19)

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In question c-f. .Why do they calculate $t=3$? When they say $t=4$ at the beginning and then next year is $t=4+1=t=5$

**Tags:** financial-economics

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## 1 answers

### Answer by username_1 on 2018-11-19. Score: 0 | Accepted answer

If there are 4 years to maturity now, it will only be 3 years to maturity next year.
E.g., initial year is 2000, bond matures in 2004. In 2001, it’s 3 years to 2004.


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