Question
Erna Corp. has 7 percent coupon bonds making annual payments with a YTM of 6.2 percent. The current yield on these bonds is 6.55 percent.
| Erna Corp. has 7 percent coupon bonds making annual payments with a YTM of 6.2 percent. The current yield on these bonds is 6.55 percent. |
| How many years do these bonds have left until they mature? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| Maturity of bond | years |
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Meetings Expositions Events And Conventions An Introduction To The Industry
Authors: George G. Fenich
4th Global Edition
1292093765, 9781292093765
