Question
Shinoda Corp. has 8 percent coupon bonds making annual payments with a YTM of 7.4 percent. The current yield on these bonds is 7.75 percent.
| Shinoda Corp. has 8 percent coupon bonds making annual payments with a YTM of 7.4 percent. The current yield on these bonds is 7.75 percent. |
| How many years do these bonds have left until they mature? |
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
2nd Edition
0324289235, 9780324289237
