The Lo Sun Corporation offers a 5.1 percent bond with a current market price of $746.50. The

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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??

Posted Date: Jun 06, 2024 05:13 PM

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The Lo Sun Corporation offers a 5.1 percent bond with a current market price of $746.50. The

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