I have some spreadsheets that contain hyperlinks to documents on my computer
that I want to burn onto a CD, how do I do this and preserve the associations

it depends. are they hyperlinks to websites, or hyperlinks to certain
directories on a hard drive or cd drive?

sorry, didnt read. what you can do is put those documents on a cd and
redirect the hyperlinks to the ones on the cd.
then
burn a new cd with both the documents and the excel file which contains the
hyperlinks.

you have to keep the documents in the same drive. ie. C: or D:
if the computer doesnt find those documents in the hyperlinks, it wont work