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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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