How many years are there until the bond matures

Reference no: EM131943377

Question: Beam Inc. bonds are trading today for a price of $1, 053.371. The bond pays annual coupons with a coupon rate of 4% and the next coupon is due in one year. The bond has a yield to maturity of 3.41%. How many years are there until the bond matures? The number of years until the bond matures is nothing years. (Round to the nearest whole? number.)

Reference no: EM131943377

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