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Problem 8-21 Finding the Bond Maturity Argos Corp. has 7 percent coupon bonds making annual payments with a YTM of 6.5 percent. The current yield

Problem 8-21 Finding the Bond Maturity

Argos Corp. has 7 percent coupon bonds making annual payments with a YTM of 6.5 percent. The current yield on these bonds is 6.85 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. (e.g., 32.16))

Maturity of bond years

I need to know how to do this as well. Excel spreadsheet is best.

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