Coupon Bond
Backwater Corp. has 7 percent coupon bonds making annual payments with a YTM of 6.5 percent. The current yield on these bonds is 6.85 percent. How many years do these bonds have left until they mature?
Backwater Corp. has 7 percent coupon bonds making annual payments with a YTM of 6.5 percent. The current yield on these bonds is 6.85 percent. How many years do these bonds have left until they mature?