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A $25,000 strip bond is purchased for $8235 to yield 8% compounded semiannually. What is the remaining time until maturity? (5 marks) A. 30.53 years

A $25,000 strip bond is purchased for $8235 to yield 8% compounded semiannually. What is the remaining time until maturity? (5 marks)

A. 30.53 years

B. 12.50 years

C. 14.16 years

D. 22.28 years

E. 56.63 years

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