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Bonds and Maturity in Price Comparisons

You are comparing the prices of a bonds issued by two corporations. NV Technologies has a 8%, 15- year bond outstanding, trading at par. GEV Technologies has the same bond rating as NV Technologies and has a 7.5% bond, trading at 5% below par. What is the maturity of GEV's outstanding bond?

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If both bonds belong to same risk class then the YTM from both bonds should be same.
Since 15 year bond is trading at par, its coupon is same as YTM, so the YTM is 8%.
Assume that the par value of the bond is ...

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This Solution contains calculations to aid you in understanding the Solution to this question.

$2.19