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How many years do the bonds have left until the mature

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Problem 1: Excel Corp. has 8 percent coupon bonds making annual payments with a YTM of 7.2 percent. The current yield on these bonds is 7.55 percent. How many years do these bonds have left until they mature? Assume a $1,000 par value. You may round your answer to the whole year.

Reference no: EM132792507

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