Rell Computers has 5.25 percent coupon bonds outstanding with a current market price of $546.19. The yield
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Question:
Rell Computers has 5.25 percent coupon bonds outstanding with a current market price of $546.19. The yield to maturity is 16.28 percent and the face value is $1,000. Interest paid semiannually. How many years is it until these bonds mature?
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