Question
Argos Corp. has 9 percent coupon bonds making annual payments with a YTM of 8.2 percent. The current yield on these bonds is 8.55 percent.
Argos Corp. has 9 percent coupon bonds making annual payments with a YTM of 8.2 percent. The current yield on these bonds is 8.55 percent.
| How many years do these bonds have left until they mature? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
| Maturity of bond | years |
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
