Milton Corporation has 10 percent coupon bonds making annual payments with a YTM of 9.4 percent....

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Milton Corporation has 10 percent coupon bonds making annual payments with a YTM of 9.4 percent. The current yield on these bonds is 9.75 percent. How many years do these bonds have left until they mature? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Maturity of bond 12.31 years Milton Corporation has 10 percent coupon bonds making annual payments with a YTM of 9.4 percent. The current yield on these bonds is 9.75 percent. How many years do these bonds have left until they mature? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Maturity of bond 12.31 years

Answer rating: 100% (QA)

To find the number of years left until the bonds mature you can use the formula for the current yiel... View the full answer