Question
Colwood Corp. has 8% coupon bonds making annual payments with a YTM of 7.2%, current market value of $1,059.6. How many years do these bonds
Colwood Corp. has 8% coupon bonds making annual payments with a YTM of 7.2%, current market value of $1,059.6.
How many years do these bonds have left until they mature? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)
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Corporate Finance
Authors: Jonathan Berk and Peter DeMarzo
3rd edition
978-0132992473, 132992477, 978-0133097894
