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Lancaster Computing the Weighted Average Cost of Capital Discussion Question
Bond A and Bond B both have face values of £1,000 and make annual coupon payments. Bond A is currently priced at £1057.17, has a time to maturity of 9 years and a yield to maturity of 7.6 percent. Bond B is priced at £960.10 and has a yield to maturity of 9.4 percent. Both Bond A and B make the same coupon payments. What is the time to maturity of Bond B.
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