Question
LKD Co. has 12 percent coupon bonds with a YTM of 8.8 percent. The current yield on these bonds is 9.7 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 9.7 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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Financial Reporting Financial Statement Analysis And Valuation
Authors: James M Wahlen, Stephen P Baginskl, Mark T Bradshaw
10th Edition
0357722094, 978-0357722091
