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Sunny Skies Inc. has a bond with a face value of $1,000 and a 3.82% annual coupon. This bond has a current market price of

Sunny Skies Inc. has a bond with a face value of $1,000 and a 3.82% annual coupon. This bond has a current market price of $1,031.13 and a yield to maturity of 2.83%. In how many years will this bond mature?

  1. 3.3

  2. 2.7

  3. 2.2

  4. 1.2

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