Solved: Determine the maturity of the bonds, Financial Accounting

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Determine the maturity of the bonds

Response to the following problem:

Sure Tea Co. has issued 7.4% annual coupon bonds that are now selling at a yield to maturity of 10.5% and current yield of 10.4732%. What is the remaining maturity of these bonds? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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Financial Accounting: Determine the maturity of the bonds

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Financial Accounting: Determine the maturity of the bonds

Reference No:- TGS02078379

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