Question
LKD Co. has 10 percent coupon bonds with a YTM of 8.6 percent. The current yield on these bonds is 9.5 percent. How many years
LKD Co. has 10 percent coupon bonds with a YTM of 8.6 percent. The current yield on these bonds is 9.5 percent. How many years do these bonds have left until they mature? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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Investments An Introduction
Authors: Herbert B Mayo
11th Edition
1133936520, 9781133936527
