Solved: What is the remaining maturity of the bonds, Finance Basics

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What is the remaining maturity of the bonds

Question:

Sure Tea Co. has issued 6.3% annual coupon bonds that are now selling at a yield to maturity of 9.2% and current yield of 8.7770%. What is the remaining maturity of these bonds? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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Finance Basics: What is the remaining maturity of the bonds

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