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d. Peevee has 7.6 per cent coupon bonds making annual payments with a YTM of 6.5 per cent. The current yield on these bonds is

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d. Peevee has 7.6 per cent coupon bonds making annual payments with a YTM of 6.5 per cent. The current yield on these bonds is 6.8 per cent. How many years do these bonds have left until they mature? [9 marks]

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