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What is the time to maturity of a 6.0% coupon bond if its YTM is 9.0%?...

What is the time to maturity of a 6.0% coupon bond if its YTM is 9.0%? The bond's price is $766.42 and coupons are paid annually.

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Expert Solution

Therefore, time to maturity = 14 years

jeff jeffy answered 1 year ago
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