Question
Company ABC has 7 percent, semiannual, coupon bonds outstanding with a current market price of $1,023.46, a par value of $1,000, and a yield to
Company ABC has 7 percent, semiannual, coupon bonds outstanding with a current market price of $1,023.46, a par value of $1,000, and a yield to maturity of 6.72 percent. How many years is it until these bonds mature? Round to the second decimal
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Building Financial Models
Authors: John Tjia
2nd Edition
0071608893, 978-0071608893
