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Redox has 7.5 percent coupon bonds outstanding with a current market price of $1042.80. The yield to maturity is 6.2 percent and the face value

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Redox has 7.5 percent coupon bonds outstanding with a current market price of $1042.80. The yield to maturity is 6.2 percent and the face value is $1,000. Interest is paid annually. How many years is it until these bonds mature? Select one: a. 5.29 years b. 5.50 years c. 6.56 years d. 3.43 years e. 3.80 years

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