Question
Sure Tea Company has issued 5% annual coupon bonds that are now selling at a yield to maturity of 8.00%. If the bond price
Sure Tea Company has issued 5% annual coupon bonds that are now selling at a yield to maturity of 8.00%. If the bond price is $923.82, what is the remaining maturity of these bonds? Note: Do not round intermediate calculations. Round your answer to the nearest whole number. Time to maturity years
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Fundamentals Of Corporate Finance
Authors: Richard A. Brealey, Stewart C. Myers, Alan J. Marcus
11th Edition
1264101562, 978-1264101566
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