Cavo Corp. has 9 percent coupon bonds making annual payments with a YTM of 8.5 percent. The current yield on these bonds...
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Cavo Corp. has 9 percent coupon bonds making annual payments with a YTM of 8.5 percent. The current yield on these bonds is 8.85 percent.
How many years do these bonds have left until they mature?
Maturity of bond years