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Posted on Sep 23, 2024

The Lo Sun Corporation offers a 5 . 5 percent bond with a current market price of $ 8 4 4 . 5 0 .

The Lo Sun Corporation offers a

5.5

percent bond with a current market price of $

844.50 .

The yield to maturity is

9.17

percent. The face value is $

1, 000 .

Interest is paid semiannually. How many years until this bond matures?

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