Question
LKD Co. has 11 percent coupon bonds with a YTM of 8.7 percent. The current yield on these bonds is 9.6 percent. How many years
LKD Co. has 11 percent coupon bonds with a YTM of 8.7 percent. The current yield on these bonds is 9.6 percent. How many years do these bonds have left until they mature? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
(The answer is not 8.75)
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Fundamentals Of Multinational Finance
Authors: Michael Moffett
6th Global Edition
1292215216, 978-1292215211
