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PAY ATTENTION TO WHAT THE QUESTION ASKS, NO INTERMEDIATE ROUNDING during solving and THEN ROUND TO 2 decimal places!! I am now submitting this a
PAY ATTENTION TO WHAT THE QUESTION ASKS, NO INTERMEDIATE ROUNDING during solving and THEN ROUND TO 2 decimal places!! I am now submitting this a third time for the hopefully the correct answer
Problem 7-25 Finding the Bond Maturity (LO2] Excey Corp. has 6 percent coupon bonds making annual payments with a YTM of 5.5 percent. The current yield on these bonds is 5.85 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 3407 years Step by Step Solution
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