24. Finding the Bond Maturity Milton Corp. has 8 percent coupon bonds making annual payments with a YTM of 7.2 percent. The current yield on these bonds is

7.55 percent. How many years do these bonds have left until they mature?

30. Holding Period Yield The YTM on a bond is the interest rate you earn on your investment if interest rates don't change. If you actually sell the bond before it matures, your realized return is known as the holding period yield (HPY).