Redesigned computers has 7 percent coupon bonds outstanding


Redesigned Computers has 7 percent coupon bonds outstanding with a current market price of $886.50. The yield to maturity is 8.34 percent and the face value is $1,000. Interest is paid semiannually. How many years is it until this bond matures?

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Financial Management: Redesigned computers has 7 percent coupon bonds outstanding
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