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River Tours has 5.8 percent coupon bonds that pay interest semiannually. The face value of each bond is $1,000, and the current market price is
River Tours has 5.8 percent coupon bonds that pay interest semiannually. The face value of each bond is $1,000, and the current market price is $1,003.54. If the yield to maturity is 5.68 percent, how many years is it until these bonds mature?
Multiple Choice
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6.55 years
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5.06 years
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3.49 years
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3.27 years
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6.43 years
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