Question
LKD Co. has 12 percent coupon bonds with a YTM of 8.8 percent. The current yield on these bonds is 9.1 percent. How many years
LKD Co. has 12 percent coupon bonds with a YTM of 8.8 percent. The current yield on these bonds is 9.1 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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Foundations Of Financial Management
Authors: Stanley B Block, Geoffrey A Hirt
12th Edition
0073295817, 9780073295817
