Question
Beam Inc. bonds are trading today for a price of $ 1,699.60 . The bond pays annual coupons with a coupon rate of 9.5 %
Beam Inc. bonds are trading today for a price of $1,699.60. The bond pays annual coupons with a coupon rate of 9.5% and the next coupon is due in one year. The bond has a yield to maturity of 3.65%. How many years are there until the bondmatures?
The number of years until the bond matures is __ years.(Round to the nearest wholenumber.)
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Fundamentals Of Multinational Finance
Authors: Michael Moffett, Arthur Stonehill, David Eiteman
6th Edition
0134472136, 978-0134472133
