Shidao Co. has issued 9% annual coupon bonds that are now selling at a yield to maturity of 10% and current yield of 9.8375%. What is the remaining maturity of these bonds?

(Please provide steps as to how to get to answer)

To find the number of years to maturity of the bond, we first need to find the Beginning Price. Since we have the Annual Coupon rate and the Current Yield, we can use the bond price equation, and solve for the number of years to maturity.