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Moonhigh, Inc. has a 6%, semiannual coupon bond with a current market price of $988.52. The bond has a par value of $1,000 and a
Moonhigh, Inc. has a 6%, semiannual coupon bond with a current market price of $988.52. The bond has a par value of $1,000 and a yield to maturity of 6.31%. How many years is it until this bond matures?
| A. | 4.0 years |
| B. | 4.28 years |
| C. | 6.32 years |
| D. | 8.56 years |
| E. | 9.0 years |
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