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Gerald Packaging has 5.5 percent coupon bonds outstanding with a current market price of $880. The yield to maturity is 17.96 percent and the face
Gerald Packaging has 5.5 percent coupon bonds outstanding with a current market price of $880. The yield to maturity is 17.96 percent and the face value is $1,000. Interest is paid semiannually. How many years is it until these bonds mature? 2.3 years 1.15 years 2.21 years 1.10 years
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