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QUESTION
Backwater Corp. has 6 percent coupon bonds making annual payments with a YTM of 5.3 percent. The current yield on these bonds is 5.65 percent.
Backwater Corp. has 6 percent coupon bonds making annual payments with a YTM of 5.3 percent. The current yield on these bonds is 5.65 percent. How many years do these bonds have left until they mature?
