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LKD Company has 12 percent coupon bonds with a YTM of 8.8 percent. The current yield on these bonds is 9.7 percent. How many
LKD Company 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? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Years until maturity
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
5th edition
1111527369, 978-1111527365
