Tech corp offers 8 percent coupon bonds with semiannual


Tech Corp. offers 8 percent coupon bonds with semiannual payments and a yield to maturity of 6.5 percent. The market price per bond is $1,027.71, and the face value is $1,000? What is the maturity of this bond?

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Financial Management: Tech corp offers 8 percent coupon bonds with semiannual
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