Question
Cavo Corp. has 7 percent coupon bonds making annual payments with a YTM of 6.3 percent. The current yield on these bonds is 6.65 percent.
Cavo Corp. has 7 percent coupon bonds making annual payments with a YTM of 6.3 percent. The current yield on these bonds is 6.65 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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Applied Conic Finance
Authors: Dilip Madan, Wim Schoutens
1st Edition
1107151694, 978-1107151697
