Crosby Co. has 7.5 percent coupon bonds with a YTM of 6.84 percent. The current yield on

Question:

Crosby Co. has 7.5 percent bonds with a YTM of 6.84 percent. The current yield on these bonds is 7.13 percent. How many years do these bonds have left until they mature?

Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...