Question: Please solve and explain in a SIMPLE way, thanks! Sure Tea Co. has issued 9% annual coupon bonds that are now selling at a yield

Please solve and explain in a SIMPLE way, thanks!

Please solve and explain in a SIMPLE way, thanks! Sure Tea Co.

Sure Tea Co. has issued 9% annual coupon bonds that are now selling at a yield to maturity of 10% and current yield of 9.8375%. What is the remaining maturity of these bonds? Sure Tea Co. has issued 9% annual coupon bonds that are now selling at a yield to maturity of 10% and current yield of 9.8375%. What is the remaining maturity of these bonds

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