Question
The Lo Sun Corporation offers a 5.1 percent bond with a current market price of $746.50. The yield to maturity is 8.58 percent. The face
The Lo Sun Corporation offers a 5.1 percent bond with a current market price of $746.50. The yield to maturity is 8.58 percent. The face value is $1,000. Interest is paid semiannually. How many years is it until this bond matures?
what is the equation for it and the steps to solve it??
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
