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Redesigned Computers Has 6

Question 88

Multiple Choice

Redesigned Computers has 6.5 percent coupon bonds outstanding with a current market price of $832.The yield to maturity is 16.28 percent and the face value is $1,000.Interest is paid semiannually.How many years is it until these bonds mature?


A) 2.10 years
B) 4.19 years
C) 7.41 years
D) 9.16 years
E) 18.32 years

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