Question
Milton Corporation has 10 percent coupon bonds making annual payments with a YTM of 9.4 percent. The current yield on these bonds is 9.75
Milton Corporation has 10 percent coupon bonds making annual payments with a YTM of 9.4 percent. The current yield on these bonds is 9.75 percent. How many years do these bonds have left until they mature? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Maturity of bond 12.31 years
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
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