Question
LKD Co. has 13 percent coupon bonds with a YTM of 8.9 percent. The current yield on these bonds is 9.9 percent. How many years
LKD Co. has 13 percent coupon bonds with a YTM of 8.9 percent. The current yield on these bonds is 9.9 percent. How many years do these bonds have left until they mature?(Do not round intermediate calculations. Round your answer to 2 decimal places.)
Years until Maturity = ______
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
4th edition
978-0133428469, 013342846X, 133428370, 978-0133428377
