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Shinoda Corp. has 8 percent coupon bonds making annual payments with a YTM of 7.4 percent. The current yield on these bonds is 7.75 percent.

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Shinoda Corp. has 8 percent coupon bonds making annual payments with a YTM of 7.4 percent. The current yield on these bonds is 7.75 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 References eBook &Resources Learning Objective: 07-02 Bond values and yields and why they fluctuate Worksheet Difficulty: Intermediate Section: 7.1 Bonds and Bond Valuation

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