Sure Tea Company has issued 5% annual coupon bonds that are now selling at a yield...
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Sure Tea Company has issued 5% annual coupon bonds that are now selling at a yield to maturity of 8.00%. If the bond price is $923.82, what is the remaining maturity of these bonds? Note: Do not round intermediate calculations. Round your answer to the nearest whole number. Time to maturity years Sure Tea Company has issued 5% annual coupon bonds that are now selling at a yield to maturity of 8.00%. If the bond price is $923.82, what is the remaining maturity of these bonds? Note: Do not round intermediate calculations. Round your answer to the nearest whole number. Time to maturity years
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Answer rating: 100% (QA)
SOLUTION There seems to be an error in the question as a yield to maturity of 800 is not possible an... View the full answer
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781264101566
11th Edition
Authors: Richard A. Brealey, Stewart C. Myers, Alan J. Marcus
Posted Date:
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