7.

Redesigned Computers has 6.5 percent coupon bonds outstanding with a current market price of $742. The yield to maturity is 13.2 percent and the face value is $1,000. Interest is paid annually. How many years is it until these bonds mature?

A.

5.73 years

B.

4.19 years

C.

7.41 years

D.

6.16 years

E.

8.32 years