Question: Problem 7-25 Finding the Bond Maturity [LO2] Excey Corp. has 7 percent coupon bonds making annual payments with a YTM of 6.4 percent. The current

Problem 7-25 Finding the Bond Maturity [LO2]

Excey Corp. has 7 percent coupon bonds making annual payments with a YTM of 6.4 percent. The current yield on these bonds is 6.75 percent.

How many years do these bonds have left until they mature?

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