Description of this paper

River Corp. has 8 percent coupon bonds making annu...

Description

Solution


Question

River Corp. has 8 percent coupon bonds making annual payments with a YTM of 7.2 percent. The current yield on these bonds is 7.55 percent. These bonds will mature in how many years? (Round your answer to 2 decimal places. (e.g., 32.16))

 

Paper#10148 | Written in 18-Jul-2015

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