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Saturday, 17 November 2012

Sure Tea Co. has issued 6.8% annual coupon bonds that are now selling at a yield to maturity of 9.5%


Sure Tea Co. has issued 6.8% annual coupon bonds that are now selling at a yield to maturity of 9.5% and current yield of 8.5460%. What is the remaining maturity of these bonds? (Do not round intermediate calculations. Round your answer to 2 decimal places.)


  Remaining period
years  

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