S07-25 Finding the Bond Maturity (LO2) Excey Corp. has 8 percent coupon bonds making annual payments with a YTM of 7.2 percent. The current yield on these bonds is 7.55 percent. How many years do these bonds have left until they mature? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Maturity of bond = _______ years

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Excey Corp. has 8 percent coupon bonds making annual payments with a YTM of 7.2 percent.

S07-25 Finding the Bond Maturity (LO2)

Excey Corp. has 8 percent coupon bonds making annual payments with a YTM of 7.2 percent. The current yield on these bonds is 7.55 percent.

How many years do these bonds have left until they mature? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Maturity of bond = _______ years

Expert Solution

ekkarill92 answered 2 years ago

Excey Corp. has 7 percent coupon bonds making annual payments with a YTM of 6.4 percent. The current yield on these bonds is 6.75 percent.

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