What is the best estimate of these bonds remaining life, Corporate Finance

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What is the best estimate of these bonds remaining life

Problem

Lourdes Corporation's 15% coupon rate, semiannual payment, $1,000 par value bonds, which mature in 10 years, are callable 6 years from today at $1,025. They sell at a price of $1,430.08, and the yield curve is flat. Assume that interest rates are expected to remain at their current level.

• What is the best estimate of these bonds' remaining life?

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Corporate Finance: What is the best estimate of these bonds remaining life

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