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Finding the Bond Maturity [LO2] River Corp. has 8 percent coupon bonds making annual payments with...

Finding the Bond Maturity [LO2] 

River 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?

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Home nert Page Layout Formulas Data Review View dd-Ins Cut Σ AutoSum ー E ゴWrap Text aCopy ,_a. ars-函Merge & Center, $, % , 弼,8 C Paste B 1 u . Conditional Format CeInsert Delete Format Formatting as Table Styles2 Clear Sort &Find & Format Painter Clipboard A447 A. Alignment Number Cells Edting 435 436 437 438 439 440 441 442 443 FACE VALUE COUPON YTM CURRENT YIELD 1000 8% 20%, 7.55% CURRENT YIELD-COUPON/ CURRENT PRICE 0.0755 = 80/CURRENT PRICE CURRENT PRICE = 80/0.0755 = 1059.60 11.06 EXCEL NPER(C438,-C437 C436,C443,-C436) 445 ANSWER NO OF YEARS LEFT TO MATURITY 446 447 448 449 450 451 452 453 1 Sheet1 ! Sheet2 LOAN T PV FVCELL REFER CELL REF 13:17 31-01-2019

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