Collingwood Homes has a bond issue outstanding that pays an 8.5 percent coupon and has a yield

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Collingwood Homes has a bond issue outstanding that pays an 8.5 percent coupon and has a

yield to maturity of 9.16%. The bonds have a par value of $1,000 and a market price of $944.30. Interest is paid semiannually. How many years until the bond matures?

Posted Date: May 13, 2024 07:51 AM

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Collingwood Homes has a bond issue outstanding that pays an 8.5 percent coupon and has a yield

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To determine the number of years until the bond matures we need to calculate the bonds time to matur... View the full answer

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