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Question 2 (Time to Maturity: 15 points) H&M Corp, has 8% coupon bonds making annual payments with YTM of 7.2% and face value of $1,000.
Question 2 (Time to Maturity: 15 points) H&M Corp, has 8% coupon bonds making annual payments with YTM of 7.2% and face value of $1,000. The current yield on these bonds is 7.55%. What is the time to maturity of these bonds
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