PQR Co. has semiannual-pay 6.94 percent coupon bonds with a YTM of 5.52 percent. The current yield on these bonds is 5.99 percent. How many years do these bonds have left until they mature? Answer to two decimals, carry intermediate calcs. to four decimals.

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To calculate the number of years until maturity for PQR Cos 694 percent coupon bonds with a yield to ... View the full answer