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Colwood Corp. has 8 percent coupon bonds making annual payments with a YTM of 7.2 percent, current market value of $1,059.6. How many years do
Colwood Corp. has 8 percent coupon bonds making annual payments with a YTM of 7.2 percent, 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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