Lkd co has 14 percent coupon bonds with a ytm of 89 percent


LKD Co. has 14 percent coupon bonds with a YTM of 8.9 percent. The current yield on these bonds is 9.5 percent. How many years do these bonds have left until they mature? (Round your answer to 2 decimal places.)

Bonds mature    years

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Financial Management: Lkd co has 14 percent coupon bonds with a ytm of 89 percent
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