Question
Shinoda Corp. has 6 percent coupon bonds making annual payments with a YTM of 5.3 percent. The current yield on these bonds is 5.65 percent.
| Shinoda Corp. has 6 percent coupon bonds making annual payments with a YTM of 5.3 percent. The current yield on these bonds is 5.65 percent. |
| How many years do these bonds have left until they mature? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) |
| Maturity of bond | years |
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Key Financial Market Concepts
Authors: Bob Steiner
2nd Edition
0273750127, 978-0273750123
