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LKD Company has 12 percent coupon bonds with a YTM of 8.5 percent. The current yield on these bonds is 9.4 percent. How many
LKD Company has 12 percent coupon bonds with a YTM of 8.5 percent. The current yield on these bonds is 9.4 percent. How many years do these bonds have left until they mature? Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
