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Excel Corp. has 8 percent coupon bondsmaking semiannual paymentswith a YTM of 7.2 percent. The current yield on these bonds is 7.55 percent. How many
Excel Corp. has 8 percent coupon bondsmaking semiannual paymentswith a YTM of 7.2 percent. The current yield on these bonds is 7.55 percent. How many years do these bonds have left until they mature? Assume a $1,000 par value. (Hint: current yield = annual coupon payment / current price of bond)
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