Coupon bonds making annual payments

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Reference no: EM13939864

Backwater Corp. has 6 percent coupon bonds making annual payments with a YTM of 5.2 percent. The current yield on these bonds is 5.55 percent.

How many years do these bonds have left until they mature? (Do not round intermediate calculations and round your final answer to 2 decimal places.

Reference no: EM13939864

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