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Redesigned Computers has 6.5 percent coupon bonds outstanding with a current market price of $625. The yield to maturity is 13.2 percent and the face
Redesigned Computers has 6.5 percent coupon bonds outstanding with a current market price of $625. The yield to maturity is 13.2 percent and the face value is $1,000. Interest is paid annually. How many years is it until these bonds mature?
a.)9.43
b.)12.51
c.)8.25
d.)10.83
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