the nigher score $(6$ in our example$)$ will go into the grade book.

Question $5$

$1$ pts

PQR Co$.$ has semiannual$-$pay $6\mathrm{.}04$ percent coupon bonds with a YTM of $5\mathrm{.}5$ percent. The current yield on these bonds is $5\mathrm{.}94$ 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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