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QUESTION
River Corp. has 8 percent coupon bonds making annual payments with YTM of 7.2 percent. The current yield on the bond is 7.55 percent. How many years
River Corp. has 8 percent coupon bonds making annual payments with YTM of 7.2 percent. The current yield on the bond is 7.55 percent. How many years do these bonds have left until they mature?
