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ourdes Corporation's 10% coupon rate, semiannual payment, $1,000 par value bonds, which mature in 10 years, are callable 4 years from today at $1,050. They
ourdes Corporation's 10% coupon rate, semiannual payment, $1,000 par value bonds, which mature in 10 years, are callable 4 years from today at $1,050. They sell at a price of $1,153.86, and the yield curve is flat. Assume that interest rates are expected to remain at their current level.
- What is the best estimate of these bonds' remaining life? Round your answer to the nearest whole number. years
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