Remaining maturity of bonds


Problem:

Sure Tea Co. has issued 7.4% annual coupon bonds that are now selling at a yield to maturity of 9.2% and current yield of 9.0738%.

Required:

Question: What is the remaining maturity of these bonds?

Note: Please show how to work it out.

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Finance Basics: Remaining maturity of bonds
Reference No:- TGS0878203

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