Sure Tea Company has issued 4.8% annual coupon bonds that are now selling at a yield to maturity of 5.50%. If the bond price is $874.94, 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
Sure Tea Company has issued 4.8% annual coupon bonds that are now selling at a yield to maturity of 5.50%. If the bond price is $874.94, 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
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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