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    Sure Tea Co: What is the remaining maturity of these bonds?

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    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.)

    Remaining period = years

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    Solution Preview

    Please see the attached file for the complete tutorial.

    Par $1,000 => Though this was not given in the problem. The common face value of bonds is $1,000
    Coupon 6.300%
    YTM 9.200%
    Current ...

    Solution Summary

    This solution discusses the remaining maturity of bonds.