# A company has 8 percent coupon bonds making semiannual payments with a YTM of 7 percent. These bonds currently sell for 104.83 percent of par value. How many years do these bonds have left until they mature?Please use a HP 10bii+ Financial Calculator

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1. A company has 8 percent coupon bonds making semiannual payments with a YTM of 7 percent. These bonds currently sell for 104.83 percent of par value. How many years do these bonds have left until they mature?

Please use a HP 10bii+ Financial Calculator

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Step 1

Hi, due to unavailability of HP10bii+ Financial calculator, we will answer this question using excel.

Step 2

Calculation of Years to Maturity:

The years to maturity are 23.99 years.

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