Redesigned Computers has 5.25 percent coupon bonds outstanding with a current market price of $546.19. The yield

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Redesigned 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 is paid semiannually. How many years is it until these bonds mature? A. 6.64 years B. 7.08 years C. 12.41 years D. 14.16 years E. 28.32 years
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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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