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Global Communications has a 7.2 percent, semiannual coupon bond outstanding with a current market price of $1,028. The bond has a par value of $1,000

Global Communications has a 7.2 percent, semiannual coupon bond outstanding with a current market price of $1,028. The bond has a par value of $1,000 and a yield to maturity of 6.75 percent. How many years is it until this bond matures?

10.86 years

9.43 years

8.21 years

14.22 years

12.53 years

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